Look at it this way - $0.27 is over 4% of $6.50. You are going to get 4% on your money in 2 months. There are many stocks that don't pay 4% dividend in a year!
I bought almost 2 years ago because of the story - a growing chain of pharmacies in a high-growth country. Since then every quarter the revenue is flat or down, they seem to close more stores than they open... I have nothing against closing non-performing or money-losing locations, but WHERE IS THE GROWTH? I don't understand what the story is anymore and keep questioning why am I keeping this investment in my portfolio.
I don't get it how they come up with 16%. The 2006 press release shows purchase price as 58M, the sale price today is 93M, over 7 years that makes the return closer to 7%, not 16%...
I think you are way overly optimistic. My concern is - the management decided to replace the 6% debt that was maturing next year with 15%. That means they think have they not done it, they wouldn't be able to refi that debt next year. So I won't expect anything especially exciting until next year.
(this is not to say that the stock cannot jump back to $1.40 or even $2 - it could, but this would be due to something like a steep rise in palladium prices, closure of South African or Russian mines, etc., not to anything NAP-specific)
What I don't get is - a month ago the company sold 11.5 million shares at $1.30 CDN ($1.29 USD). So while the large investors happily bought in large quantities at $1.29, why is the market pushing the SP below $1.20???
Do you know the status with Russian stockpiles no longer sold? I read somewhere that program ended in 2012 -- shouldn't that cause a large drop in supply and therefor a jump in price?
ACAS should spin ECAS off.
1) It will get rid of double-discounting ECAS's NAV, instantly bringing the combined NAV of the two companies higher
2) As a new "independent" company, ECAS could buy up to 5% of ACAS's outstanding shares. Maybe then exchange ACAS's shares with ACAS for ECAS's shares ACAS would still hold after spinoff, retire both, rinse, repeat (not sure if this is kosher accounting rules-wise)
"PAL is one of two major world producers of palladium" - not true, the major producers are in Russia and South Africa. You meant to say "PAL is one of two major publicly traded producers of palladium"
No matter how many times you turn caps lock on, it doesn't get that much greater. Any investor/financier would gladly jump on an opportunity to *surely* make more than 15% ROI. The fact that there was nobody willing to buy PAL and seemingly only one company willing to lend at that rate tells that the risk is way high.
I am not saying PAL couldn't be $1.75 next year. It could be. But so it could be $0.75 or $0.075
Speaking of ECAS - there is an article on SA explaining that due to weird wouldn't the management simply eliminate the middle entity, moving the assets to the parent structure and therefore moving from from double- to single-discount territory? That alone could kick the NAV up a "few" cents.
Could someone translate the last sentence please?
El lunes, tras la concentración, el comité decidirá nuevas movilizaciones, en espera del resultado de la reunión de Villanueva con Pucci.
Google translate says "on Monday, after the merger, ..."
I am not getting that cash. I am getting a claim to it should the business dissolve. Who knows, maybe this cash will be spent tomorrow on a mindless acquisition (pun intended).
What I do get is 12.5% dividend (less Israeli taxes, so about 10.125%). If there is no price action in 10 years I will have my money back (disregarding the inflation) and again the claim to maybe $40 in cash and maybe a stable business. Not a bad proposition, but too many maybes.
I understand the value proposition.
But what I also see is that the company is either not interested in or not able to grow.
So the ways to be "rewarded well" are:
- either Mr.Market suddenly develops a brain and decides the price should double from here;
- somebody else buys them out.
What are the chances of either event happening in the next 12 months?
I feel even switching from yearly to quarterly dividend payments (without actually raising the dividend) could have bring more visibility to the stock.
Java is too buggy. The current security recommendation is to disable it altogether.
Also, Chrome sometimes has an issue with two Flash plugins - one that comes with it and the original from Adobe if it's installed elsewhere. The solution is to disable the Chrome one
Up and up she goes. I bought it for long term, but am sitting on a 23% paper gain in less than 2 months on no news whatsoever and start thinking... What are the folks' long-term targets?
These (the poster and the ones replying "thanks") are spammers trying to sell subscription to their penny stock service. I just put them on ignore