the dividend was a lot, the shares had a good percentage gain , the future forecast looks encouraging and the balance sheet has no long term debt and the stock is selling for less than half of its historic high. If you bought this at under $ 2 a share you are in great shape.
What I was saying was they should not give this money out as a dividend at all. I know they are currently buying back shares. Instead of giving the money back to shareholders in the form of a dividend, they should just max out on share buybacks as in add the dividend money to the buyback program. At these depressed prices share buybacks are way more effective at increasing shareholder value.
Can any one post information saying they are buying back shares? I read on the higher estimate for next quarter, and the dividend, but nothing on them buying back any additional shares. I like to read things for myself. If anyone can post this information, it would be appreciated.
Actually I did not miss your point and somewhat agree. However someone has to keep CMO and there 19.8% stake in HIMX happy. There are also other shareholders that like to combine long term appreciation with a nice yield. This stock, as of yet, has not lived up to it PPS potential.
Both good options to have and as long as the price goes up I am happy.
Yes in the next 2-3 quarters we should be moving up nicely. Retiring more shares and a possibility of a special dividend if the earnings keep accelerating. HIMX is my largest holding and I am only adding shares not selling. The run up to the dividend will add short term increase to PPS but longterm we are starting to see some large accumulations from the mutual funds so for this stock buy and hold may be the best way to go. IMO
OT: I also like SILC which is another company with a great balance sheet, large cash reserve, and has the potential to move higher.
Good companies with good balance sheets and no debt will be rewarded imo..