Hello out there, if anyone's listening (this seems to be about the deadest board I've seen on Yahoo). I was looking at adding more high dividend stocks and found this one. I've been burned on shippers (I have EGLE and TRMD) but this company seems to be profitable, has a low P/E, and just re-affirmed the dividend. If the divvy is high and sustainable (payout ration less than 1.0), what am I missing? Why is the market pricing this stock so low?
There are a couple macroeconomic factors (Greece, etc.) but this company has a low multiple mostly because it's so small. Any buy-side or sell-side transaction puts huge pressure on the site. Good luck getting in, and good luck getting out.
(Disclosure, I'm in at 4.4, 4.6, 5.2 and 5.4; just enjoying the dividend)