A dividend of $1 / share? That wouldn't leave much free cash for them to fund operations expansions. I do think a divided of 5 cents per share a quarter would be reasonable, still leave plenty of cash for expansion, and give the stock at current prices a yield above 2%. It would surely make it appeal to a different group of investors which is what we need. There has got to be a day of overwhelming upside volume to scare the sellers out of selling because they think they can get a better price, or to clear them out entirely.
Looks like somebody is using the weakness today in the general market as a chance to accumulate some CMT cheap.
Street, This is an easier list to digest than trying to sort out same thing on Edgar, Thanks.
List I gave you was not insiders, but funds,institutions and hedges. I was wondering what reporting requirements those on the list with less than 10% had. With Rutabaga's divestment that now includes the whole list.
There is a lot of potential that they picked up the shares in the $2 range. At current prices they are going to look good no matter what they do.
Here's a link for fourth qtr institutional transactions, it appears Rutabaga found plenty of willing buyers. They continue to be CMT's largest institutional holder and could dump a lot more shares and still hold the same distinction.