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What these dividends tell me is that these companies that are declaring special dividends (Costco for sure, Oracle maybe) have been sitting on way too much cash, without anything good to do with it.
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In a nutshell, that’s what I said. A simple move a January payment to December, that’s nothing.
A special dividend. A pay the first 3 quarters of 2013 in December. That’s ‘we don’t have anything worth while to do with the money’.
Which then begs the question, why have they been sitting on it…
