If the share price were to reach $100 that would make the market cap over 70 billion, wouldn't it? They'd be larger than Westpac, seems unlikely.
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What is ATM's rationale for having such a large cash reserve? Why not pay dividends or reinvest more than they currently do?
A lot of us who hold A2 stock wonder that. I guess being in a position to start paying dividends could be their trump card.
In the past they say it’s for growth, but I’d personally like them to start rewarding long term holders as this could attract new investors and perhaps limit some of the annual sell off that we see each year by shorters and market manipulators.
Not particularly an investment in line with their past strategy. ATM being a growth stock and all.. Which I think is somewhat the sentiment investors are feeling presently as this company matures. It's more geared towards manufacturing purposes rather than gaining market share or sales and growing the a2 brand.
With debt being so cheap these days, you'd think some of that cash pile could be passed back to share holders. Would go a long way towards attracting investors looking for yield vs capital gain...or with the high PE, maybe the yield would be a little too embarrassing?
Suggest you folk take a look at this.
It may also pay you to look back on this thread as most if the Q's you are asking have been thrashed out previously.
Of course past performance does not guarantee future performance and with the USA elections there is likely to be considerable uncertainty in the market, so it is very much about DYOR and taking responsibility for your own decisions.
(Disc - long term holder.. and happy.)