Yeah, but don't you think there will come a time to sell FRD? It's a cyclical. If you look at a 20 year chart it goes up dramatically during good times and falls precipitously during bad. When earnings improve the stock gets bid up hugely, I guess because people think the good earnings are going to continue indefinitely. They don't. And when they don't stockholders dump it and down it goes again.
Just a historical note....the current S&P stock guide shows a high price of $8.20 going back to 1971, with cash dividends every year since 1972. Earlier S&P guides show a high price of just over $4 for the period 1960 - 1971. These figures should reflect splits and stock dividends.
There have been a number of stock dividends and special cash dividends over the years, including $5.11 per share worth in 1988 (again according to S&P).