BB benefit all holders. WHC has dropped from 1b to near 800m shares on issue and retired all debt at the same time. Divvies moving forward will be 25% higher for ever. For ever... that's a long time... at least 20+ years practically, but, surely you can see this???
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Same thing is happening with NHC.
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The only other choice that's more accretive is a building a new coal mine that yields the same or better than current pits.
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Complaining about these buy backs is silly. The buy backs are fantastic.
NHC Price at posting:
$4.83 Sentiment: Buy Disclosure: Held
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