Like flies over dung. This is what happens to underperforming cash-rich companies. It is good that they distributed (liquidated) part of the cash by the $1 special dividend. Hopefully, they will reduce the cash further by share repurchases.
Too bad Birck wanted an extra $30 million for his retirement,they should have used all the cash from the divi and the buyback to takeout over half the shares outstanding off the market,that would drove the share price up into the $4 range,These dolts have no interest in a higher shareprice,just my opinion.