My acc. shows at the close today my offered shares have arrived.
I see those 880K shares left over and spoken for from the offer are starting to hit the mkt, it is surprizing that with almost 85,000 shares sold and that is a lot for a day in Farmers; the price has increased quite well in my opinion.
I see a nice EPS number of .24 compared to .07 same time last year, I hope management realizes to pay out a little more in dividend would boost the PPS substantually ( - at least .05 this Q ) then if numbers are good; ( next Q - possible .08cents a share ). That would be nice, and good to go to the Naz with for IPO ?
I'll hold till after div. / and the rest of the year to see the direction this pennie takes.
I can invision a PPS of $8.00 in the next 18 months, lets hope I'm right. If they do increase the div. as I say and go to the NAZ then it should materialize with the + numbers showing up on the balance sheets. IMHO
GLTA Here....Smittensday.....smittem via the market... in smittemsworld.....
I try to post as much reliable info. as I can, and YES I do add my personal (wish list ) opinion at times.
Farmers is a good stock with a long time track record and paid out a fair div. for years, So I can't see any reason to knock them anymore. I have questioned some of their actions resently when I thought they moved in the wrong direction before all the recession activity happened; but now as we are coming out of it some I see nothing but positive movement signals.
Lets hope I'm right for all the investors that placed money on the line.