-- Hopes companies eliminate the cash dividends all together next year as the dividend tax goes up.
-- He thinks Costco (COST) does the right thing by paying one time big dividend now and that will be a good tactic to ween off investors from their dividends in the next four to five years.
-- Thinks share buybacks are a better way of returning money to shareholders. Share buybacks and tender offers are a much more tax-efficient way of returning money to shareholders.
-- Thinks 2013 will be the year of stock buybacks.
Here is the video: