Net operating cash flow has significantly decreased to $96.20 million or 84.43% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
Im not interested in the dividend really to me its a bonus in a good market. I'm more worried about seeing my investment go down the tubes then believing in a false secure dividend that is going to be cut.
2013 EPS was forecasted on ore prices of $140/ton. You wait till they all readjust those forecasts based on the reality of
Div cut is only a shorter's wet dream.
Dividend is 2.50. 2012 EPS est of 6.00 or less than 50% payout.
2013 EPS estimate of 7.88, so 2.50 div safely covered by 40% payout.
Global GDP expands. Inflation heats up. Nat resource plays will win.