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Superior Uniform Group Inc. Message Board

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  • jeroldh8 jeroldh8 May 6, 2009 1:44 AM Flag

    This is a Buy Out

    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.

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