pussinboots,
I really appreciate this explanation... a few months ago I had flagged this one to watch, but after today's results I still couldn't understand the debt - cash flow model.
Why don't they pay down the debt instead of paying dividends... Is there a reason why they couldn't keep the cash in the business?
I would have thought that the interest on $50m would be approximately 3m or 4m... add that dividend payment of approx 5m per year... and they could surely use that to help grow the business as well.
I will endeavour to get my head around this... but again... Thanks for the explanation.
Ann: Full Year Guidance , page-13
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Last
$9.86 |
Change
0.160(1.65%) |
Mkt cap ! $1.778B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
| $9.89 | 1074 | 1 |
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