Yes looks very cheap on P/E ratio.But what would we prefer as...

Yes looks very cheap on P/E ratio.
But what would we prefer as shareholders? pay down debt or pay a dividend?
Lack of dividend holding it back I would say (it stops me from buying).
I wonder how much swanning with the brokers Bob Hughes does to tell the HDX story, because this stock looks a little unloved...? I used to cross paths with him on the pit floor many years ago, nice bloke and very hard to imagine in a suit...
Looks like a good buy for the next 2 or 3 years when expansion is easy and cashflow is put to work on paying down debts & starting up dividends.
will put on my watchlist.

cheers
gosouth