I Disagree, the previous management demonstrated their ineffectiveness in generating returns for shareholders. Therefore, providing shareholders with the opportunity to benefit from the sale of a portion of the business through a special dividend enables shareholders to allocate those funds to more worthwhile endeavors.
Buybacks are acceptable if the company exercises discipline and yields returns. However, they have been repurchasing stock for a while now, and the stock price continues to decline.
MYX Price at posting:
$3.30 Sentiment: None Disclosure: Held
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