Bharper

Idearc: Cheapest Stock in the Phone Book

I was surprised they completely eliminated the dividend, but I think Harless's insistence on paying it...and her constant marketing of it to investors...was one of the reasons she got axed. If the co could instead engage in some very modest stock buybacks, they could preserve EPS over the long-term. That of course must be approved within their bank covenants. With the debt reductions alone EPS will likely otherwise fall over time, assuming 4-5% annual revenue attrition in the traditional business.