Not if they increase the share count, and the covertible perferred share count by another 20 to 30% in the coming year. Do you see management doing anything to decrease the share count? NO. Are they redeeming convertible perferred? NO. Are they planning to issue more shares? YES. To pad their useless managemnt bonuses and pay checks. Do NOT let this dividened number fool you if you are a new investor: STAY AWAY FROM THIS STOCK!!!!! WARNING!!! It is a black hole of new share issue and bad management, that does nothing to increase shareholder value. STAY AWAY!!!! WARNING ALL NEW INVESTORS!!!! BLACK HOLE MONEY PIT!!! Worse than a penny stock, since it is portrayed as a legitimate money making company. Which it is NOT.
He may be incorrect on the details, but he is right on with the viability of owning the stock.
The last time I looked, some analysts were advising to "avoid" the stock. S&P has been stating for the longest time that the BOD has a conflict of interest with shareholders. The other red flag is the fact that it has been selling way below book for a very long time. That ought to tell you something.
My way of looking at it is that "where there is smoke there is fire!"