OK I am looking hard at this one. Ex div on 4-13 so gotta pull the trigger soon.
Dividend looks appealing, but earnings are less than half of what they are paying out, based on earnings estimates that I see... Paying out .3875 on earnings of .17????
Does anyone know the cash flow position here??? Is this another too good to be true story? I do like the chart. nice double bottom since mid Nov. Wish I had looked at this one a couple weeks ago at around 8 or 9, but 11 still looks like a decent entry if that divvy is safe???
For the quarter and full year 2008, cash available to pay dividends, or CAPD, was $15.3 million and $63.5 million, respectively. The dividend payout ratios for the quarter and full year 2008 were 74.2% and 71.6%, respectively..."
There is a detailed discussion on adjusted EBITA and the calculation of cash available for dividends. Have fun!
Is it a good time to jump in? Time will tell, but I just bought more...