hih still in therapy, He is a businessman. And Kerry Stokes is a savvy operator. SEV is below nta. The best use of funds (and remember this is a cashbox) is to buyback. As a owner, we should only applaud the number of shares outstanding available to the market reducing. Also, he will do the same at WAN (which will benefit SEV owners.) Westrac operates under the ACE group, 100% controlled by him. I do agree with directors having skin in the game. No doubt that this is a great motivator for directors, however its not the be all. SEV is far better positioned today than what it was 10 years ago with great cash reserves and some good assets (100% owned & equity instruments). Executing patience is the key. Particularly during these times. Expecting it to rise now beyond its levels it was a year ago is a dream, but when the storm calms SEV will be in a good position. In for seconds anyone, below $6?
SEV Price at posting:
$6.05 Sentiment: Buy Disclosure: Held