My feeling is that the important factor in the ultimate price of HWG is more controlled by the integrity of the company and its officers. I look at the facts regarding the excellent earnings per share and the price/earning figures - can anybody quote another company with these fantastic ratios? - these dips to me are an excellent buying oportunity.
Perhaps, the overall market decline and late in the day trading where buy order was filled may be the best reasons. Hardly any other change to my knowledge could be responsible. My guess, jitters in the market and overall weakness. Does anyone know what happens to the price after the one-time cash distribution occurs 5/27? Does the price go down by this amount and how can one confirm this?
With the payment of the dividend ($37.70) the stock PPS at the market opening on 5-26 will be lowered by that amount. From that point the market forces will determine whether the share price will fall further or turn and rise.
The company may decide to pay out additional dividends in December of $5-7. The remaining businesses of textiles and gas will provide a nice forward income stream. These should give share value to maintain the PPS.