Probably not in this case. The author understands the company, writes intelligently and has a good rep; he's definitely not the Monkey.. Perhaps more important, the article has also been distributed to 266,462 readers of the daily Dividends and Income who, I suspect, have a buy-and-hold-for-the-dividends mentality.
Dar took issue with some of what the author said, but he hasn't yet condemned the piece.
Yeah, and without offering me royalties for using my work.
Author is low on estimated 2014 cad, imo. Simple extrapolation of investments announced to date gets me to 1.36 2014 cad. 8.85/1.36 = 6.5 times with an 8.6% current annualized dividend of .76. Anybody think Hamo is not going to make any new investments between now and the end of 2014? Anybody think Hamo will pass up his double in 2 years with no penny in August?
The handwriting is on the wall but sooooo many can't (or won't) read it or can't comprehend what they do read.
Lemmings will wait until everybody sees it in the rear view mirror....the "show me" crowd. This is the safe but sorry crowd.