Woolworth directors showing their lack of confidence, page-4

It is still better than taking dividends as cash though is it not? I know plenty of companies where directors do not reinvest divs and do not buy shares on market. Reinvesting divs is akin to purchasing shares on market, albeit not a heck of a lot. If they were selling their shares that would to me indicate that they are not showing much confidence in WOW, however reinvesting divs to me shows a little bit of confidence. Taking divs as cash would be neutral, purchasing extra shares bullish. Time will tell what happens, in the mean time I hold my short position.