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Superior Uniform Group Inc. Message Board

  • skidoddle skidoddle May 3, 2009 9:50 AM Flag

    This is a Buy Out

    Look at my last posting

    Since then stock up 30%

    And I bought just like I posted
    all below 6.2

    And the divie is being paid

    http://finance.yahoo.com/news/Superior-Uniform-Group-pz-15102017.html

    Looks like the 2 other posters negative on
    this stock do not like a 30% gain so
    far

    If it moves up another 10% I will lighten
    up though and buy it lower which I know
    will happen

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    • Up 30%?

      The only previous time you posted was on February 17 when 400 shares traded around $7.05 a share.

      Since February 17 SGC disclosed a dreadful Q report. Sales off a stunning 28%! The dividend is paid from company (or more correctly, shareholder) assets, not current earnings. That's a return of capital taxed as ordinary income!

      Does anyone know how much SGC stock the pension plan holds? If the plan owns a lot of SGC, that may be a major reason the dividend is maintained.

      I thought this was a 'fair' stock around $7 a share. But that last Q was pretty scary. Did you actually take time to read the report? You could have done that while patting yourself on the back.

      Like all stocks, nothing is certain. Welcome to stock market investing, son.

 
SGC
19.02-0.08(-0.42%)Apr 24 4:00 PMEDT