huge dividend, yes, but has anyone noticed that 31% of that dividend was "return of capital" (ROC)?
Doesn't make much difference with my tiny position, but by my calc it makes the real dividend 12.9% ('stead of 18.7%) and the ROC lowers your cost basis, so when you sell you get to pay a slightly higher capital gain tax. Not sure anyone here is interested in knowing this, but I just discovered that 5% of my div for 2012 was ROC (in 3 different stocks) - not sure I like that..... Anyone have an opinion??
The disturbing piece was this: "today reported net income of $0.3 million for the fourth quarter of 2012, compared to net income of $1.3 million for the same period of 2011." I didn't listen to the conf call but I'd like to hear how they explained that.