Huge beat on 3Q EPs...sales up... highest EBITDA in history...Winchester has all-time record Q.....
How much of that will flow back to the owners of this company? Dividend has not been changed since 1999. Does board and mgmt care about shareholders? How many increases has mgmt had since 1999?
We may go up 50¢ but at the end of the day I say we close even or maybe a little down. The stock is not going anywhere unless the dividend is increased, and not by 1¢ but by 5¢. Unfortunately the board declared the same dividend it did 14 years ago 20¢. Let's face it we are in a non glamorous industry.
Great quarterly earnings but very poor next quarter guidance. That will weight on the stock pretty heavily. I don't know how you can forecast a decrease in earnings next quarter that is 60% below this quarter unless the Chlor Akali business is going to fall off the map.