LS Starrett Co. Message Board
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Increased dividend
Did anybody besides me notice that SCX has increased its dividend from $.06 to $.08 for the next payment?
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glad someone's awake. nothing since jan.
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Anyone here remember Starrett at $50 per share in the late eighties or $40 per share in the late nineties? What a sad decline.
- 1 Reply to stare_at_it
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stare_at_it:
Yes I remember SCX in the $40 range. In fact, I sold most of my stock in SCX at that time in the high $30s. I have been in and out a few time since and usually made money but it has been a tough slog for SCX.
I am wondering if Gabelli has something in mind with SCX. I see that his organization owns a meaningful investment in SCX and he is filing 13d's occasionally. Do you know anything about that?
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Dividends have little to do with the stock price of Starrett. Family voting control of the stock and nepotistic management of the company do.
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They should be investing that $$ into people and equipment that can get me my orders a little faster. Waiting way too long on many items. The stock didn't seem to react positively the last fews days. Down 10%
- 1 Reply to wgtm01
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Well, I am guessing that the people selling stock either don't know about the increased dividend or simply don't care about it.
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