5% yearly return on this company. Dont get me wrong, I like everyone else, loves to see 10%+, but this company is a pretty soild investment. Not a Barn Burner, but way better the some. I have some shares of GE which pay .10/Qtr, but is 4X the price, you do the math...
As I've said in the past, I own a large position in this stock. I want the stock price to go up more than most people and I can personally see the value in this company if it's run properly. My problem is that the Management and BOD aren't looking out for the shareholders.
From the TCHC Press Release on October 29, 2009:
"We believe that today's announcement of a share repurchase delivers significant value to shareholders and demonstrates the Board's confidence the company's future performance."
The buyback only lasted approximately one month and consisted of 67K shares. How confident are you in the company's ability and willingness to create shareholder value? I've been waiting for the turnaround for almost two years now. The dividend has gone from $0.18/qtr to $0.00/qtr during that time and they lost $0.93 during the last quarter. You tell me where the positive is?
Don't you have anything better to do than look to put a negative spin on everything? Sure, none of us are happy with the way this company has stagnated, but you seem to be out to bash just for the mere pleasure you get from it.
Got in under 4.05 for additional shares. Happy I did... This isn't a great homerun, but is a great double play. Holding this for the long-term. I will do my DD but it seems to be a company that will hold up and to hold on to.