There are 2 sides to it humvee. Yes, the hedgefund is getting out, but why before the dividend pays? But, the other side of the coin is that management has increased the divvy to begin with. I like it when "all" the happenings line up positively, but as it stands, I will trust managements move over the hedgefund.....for now. In fact, I doubled my position today without even knowing about the divvy increase. I have now gone from owning 5 to owning "10" shares. Ha! No just kidding......I bought a lot more than that. In my opinion, this stock is the best of 3 worlds. 1-A value stock with 2-growth like potential. As well as a 3-big dividend stock! What more could anyone ask for in a safe stock! In fact anyone who follows my posts will see that this stock is the only one I give a strong buy rating to so far. To me, if you rate a stock as a strong buy, it means you'd put a good chunk of your mothers own money into it along with yours. And I did! I rarely pay attention to CNBC interviews but when they interviewed the CEO back in the summer and he talked about the huge backlog and global diversification, I knew this was a keeper! Dont be surprised if you double your money in just 2 years with this puppy. Anyone disagree?
I do not disagree at all, just wish I bought it today instead of july.
Anyway ON CNBC this morning they had the analyst from FBR who follows this sector but he was cut off early to go to breaking news on the death of Bhutto. Did anyone see if they went back to that analyst?? Because I missed it and really wanted to see what he had to say.