Be careful. While there is more than a bit of pump and dump going on, the company is run by competent management and it looks like lots of new business is coming through.
" I do not believe you should ever borrow to pay a dividend"
I kind of agree with you or at least used to. SPAN did it a couple of times very effectively when borrowing was dirt cheap. They also paid it off in a couple quarters. AAA+ company.
I think you hit nail on the head. The price curve looks similar to other exchange traded debt. The maturity on these in all practical purposes is forever unless you are about 1 year old and expect perfect health and longevity. That doesn't help either.
I thought it as Anhieser-Bush. I will check out Tingtao but I don't do Chinese companies unless they have been paying a divi for awhile.
Looking for a drop in book value in a stock you own is stupid. Maybe you don't understand the difference in market cap and book value. In any case, it would be better to find a stock with a falling share price without the book price falling.
Motley fool is a waste of time. Generally trusted??? They are just looking for clicks.
10.99 the last time I looked. I don't care which way she goes. Will sell on the way up or buy on the way down.
Yes this does look interesting. I am new to the stock myself. I am not sure if that is a realistic cash flow number. Look at the change in inventory on the yahoo data. Taking that into account, cash flow is much lower. Even with that, I think the valuation looks better than AAN (Aaron's Inc.).
What a bunch of cowards. They doesn't look like they are reporting quarterly earnings. Instead of reporting they come out with a last minute notice that they are going to delist so they don't have to explain their decision or share the numbers with investors. Wow, management must be able to live with dirty money without a thought.
I ended up getting out of CVU unfortunately. Glad to see you have your usual fortitude to stay with it. I might get back into EZPW. I assume they were benefiting from the rise in gold in their inventory and are not having a bit a head wind with the drop in gold price. Maybe those winds with change direction again soon.
Did you know that book value dropped 22% in the last 4 quarters??? Maybe the market is expecting another big drop in book value which could happen.
I actually trusted Walter Clark running the company and thought he was very competent. Forgive the holiday analogy, but it takes some effort to hunt the turkey, shoot, clean, and cook it. Anybody can eat it and leave the carcass. Lets see what happens to the company now for the long term after the vultures get through with it.