Player Avatar stjoe56 (83.66) Submitted: 1/2/2007 5:24:31 PM : Underperform Start Price: $8.41 VGR Score: -97.60

As I read the financials, it is paying the dividend with borrowed money.

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Member Avatar bizcardnut07 (< 20) Submitted: 10/17/2007 11:16:44 AM
Recs: 2

Did you also look at the Statement of Cash Flows for the last quarter? Generated $57 Million in 1st half of the year. Net cash decreased by $20 million but repayments of debt were $38 million ($3 million in the first six months of last year).

Member Avatar JPAKolypse86 (< 20) Submitted: 8/22/2011 8:50:26 PM
Recs: 1

They haven't missed a dividend payment since they went public in 1988

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