just for the newbie shorts.. They will see 42.5 cents/share debited to their accounts. haha That's a HUGE dividend. And, the stock price will rise into the x-date.
It is not a normal company from a financial standpoint. They are hoarding cash. They could easily TRIPLE the dividend.
and our children will say.. 'remember the last time we had a black president' ???? The economy DIED.
IAG was at $23 a share in NOV 2011. And, sales, earnings and the divy were all LOWER!! Go figure. I have been following gold stocks for 50 years. Investors always get spooked when the price of gold falls. Then, it turns on a dime with an uptick. BUY LOW SELL HIGH.
eh... this kind of deal (steal) is usually pretty hard to find. Maybe the world economies are just so bad that no one can buy gold anymore? haha. It actually works the other way. The ones with the real money start hoarding it. q: Karl Marx 'Das Kapital'
Look at the price of gold... Bernanke spit in its face. Investors will come to realize that all currencies are worthless.. As Karl Marx said ' that's when the hoarding begins ' ....
It will stop. And I am buying boat loads at this price. Try to find a gold stock trading at 75% of tangible book, 8:1 PE, over a BILLION in cash and essentially no debt with a 3.4% divy.... YOU CAN'T.
Put the bottle down. Free cash flow in 2012 was nearly $ 1 Billion positive... Put the bottle down. Cover.