We like to quarterly dividend, but we don't want it to get too high so that our flexibility is hurt. We've purchased almost $100 million of stock in the last 30 months. It's best for everyone if we buy the shares back as long as it's at a reasonable price. Absent that, we're going to give the money back. And we just have to decide how much cash we want to keep on hand.
You might not have heard of Winmark, but you could be more familiar with its stores. The resale franchise company owns concepts including Plato’s Closet, Play It Again Sports, and Once Upon a Child.
Winmark CEO, Brett Heffes, caught up with Jim Gillies for a rare interview about:
- How a focused mission shapes Winmark’s business - Creating long-lasting relationships with franchisees - The resale company’s capital allocation strategy and growth expectations - What some investors misunderstand about Winmark
Company discussed: WINA
Host: Jim Gillies Guest: Brett Heffes Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd
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