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H&E Equipment Services Inc. Message Board

  • danmann81 danmann81 Sep 28, 2012 11:59 PM Flag

    Hey cwn600 question for you

    What's the short term price on this stock? We got the divvy but it hasn't gone anywhere but south since...

    Sentiment: Hold

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    • "We got the divvy but it hasn't gone anywhere but south since"

      Why shouldn't it go south? The day before the dividend was announced it closed at 17.50. You got your seven bucks in dividends and it closed yesterday at 12.12, so it's currently valued at 1.62 higher than it was before the dividend was announced. Why should it be worth more now than what it was before the dividend was announced? The answer: It shouldn't. This is a perfect example of the folly of a big run up in price over a big dividend. Giving away cash does not make a company worth more. It's not an indication of future big dividends, it's an indication that the company can't find a more productive use for the cash. The stock will now fall or rise for the same reasons it did before the dividend was announced - future earnings prospects. Tell me how the company's future earnings prospects were increased by paying out seven dollars per share in cash ...

 
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