If there going to sell assets maybe they should do a billion dollar buy back with the funds. That would sure get the computers buying and selling to each other in a hurry. Keep buying up shares in open market and cut down on the div. for a few years and then maybe sell the company when there is a smaller float of shares out there.As of today the market cap. is 4.6 billion. What are the assets worth minus the debt. How much more is the company worth in parts then the debt. From what I seen in the pass companies that recover from this kind of noise dive are the ones that use there capital to buy back shares on the cheap and then sell there self. after a few years. The over size DIV. is killing the company.
These guys should just retire and close up shop. The fund in down this year and s&p 500 is up 25%. Who can trust a company with there money when they can not even keep there web site up to date. Today is NOV 1ST 2013 and they have not up dated the net asset value of the stock for the pass 16 days. They where doing it once a week before the fund took a dump. Would you trust a company to invest your money when they can not even keep up with basic paper work. I find it hard to put any trust in such a poor run fund. They where to email me with some imformation they never did and it has been so long since they promised me the imformation I can not remember what it was.
I have pwe in TWO different accounts and DIV. posted on 10/15/13 on one account and has not posted in the other. I would bet it will post by 10/17/13 or tonight . I am pretty sure it has to do with the banking holiday. I hate that foiegn tax they take. I just did my 2012 taxes and this year I could not recover 100% of the tax I paid. I would be ok with a smaller DIV. if they spent the money in a productive way to increase share holder value .