SXE 0.83% $1.79 southern cross electrical engineering ltd

- A pile of cash earning near zero returns. - Not buying back...

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  1. 554 Posts.
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    - A pile of cash earning near zero returns.
    - Not buying back shares at current market prices.
    - Not returning excess cash to shareholders with a special dividend. Plenty of franking credits available.
    - The prospect of potentially value destructive acquisitions.
    - The prospect of bad deals when the bid process was highly competitive.
    - The prospect of customers going under in the near future.

    Granted I'll rather face these 'problems' than a mountain of debt and being diluted with desperate share issues or bankruptcy.
 
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