Up or Down ??, page-4035

Hi guys,

I noticed some interesting comments about the lack of shareholder friendly capital allocation over the past 5 years, just wanted to point out that:

A) there were restrictive covenants on their debt until the refi in October 2021 (right before PRT deal), so they have had limited capacity to pursue any capital allocation strategy at all.
B) Shareholders should want to see the div reinstated when it is sustainable to do so, and since the company has only recently (past 18 months) shown any signs of sustainable earnings potential going forward, i'd say just wait and see what management do through 2022.

If you have conviction it shouldn't be that hard to stay the course. Good luck!