Quote:
Originally Posted by lamboguy
their debt is $930 million and they have $710 million in their treasury. the company's earnings improved by 140% year to year. i really don't think their debt is any type of problem for this company, what could be a problem would be the price of Gold and Platinum. they are a very large high-cost producer. if the price of oil jumps to $100 and simultaneously the Gold ounce falls to $1500, then they are in big trouble.
but i do see where you are coming from because one would think that the company should employ some of that $710 million to buy back stock and support the share price.
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If SBSW can form a decent base here, and start to move up, it looks interesting, especially at a 12% div! I guess 7-9% was just too stingy.
