bought another 1700 shares today on the dip today at $17.56 PPS. have 6067.1 shares. may not seem like alot to others but is a major holding for me. altho yield is very good, and well protected, am counting on this position primarily for capital gains. P/E relatively high but supported by recent track record of great EPS. as PLOW is a relatively new public company, 86% of shares are held by institutions. that is high. PLOW not getting enough ink as private investors should own 50%. latest earnings report, altho stellar, did not drive share prices enough and to me, that makes for a "buy". targeting $20 PPS during Sept - all other things being equal.
this stock is a great value and should suit conservative investors very well.
hope to see some chatter on this board. i realize there aren't many private investors here but always like to see opinions.
Yahoo finance #'s are sometimes kinda screwy i've noticed...Plow seems like a strong buy at these levels imo...divvy is $.22 quarterly which is just under 5% annually...seems like the divvy is sustainable, eps growth should see us over $20 next few months...all imo....glta
nice position nadsmis...6k shares is very solid...i took a position @$17.41 a few weeks ago...very solid growth here, solid divvy...i feel if we do hit $20 in the next few months more private investors will take notice especially with the near 5% yield....and agreed more chatter...glta