I agree with your take smkros. The question is what should this company do to help it to realize appreciation in the PPS?
My guess is that the dividend (a special one at that) may have been designed to keep the shorts uneasy as with the ridiculously massive cash hoard this company has, it can at any time declare a dividend of basically any amount. I would hate to be short here under those circumstances. If you're a short here you are absolutely nuts.
that first quarter was weather related. Pretty rare that a bargain like this is presented. It looks like most selling was done yesterday.
Sentiment: Strong Buy
I was ready to pull the trigger on this one after looking at all financials as well as pipeline. Then I looked at the exec compensation and it looks like this is a piggy bank for them (executives). I have nothing against management doing well, but it looks quite excessive. Was last year a one-off or is this an annual event? History has taught me that company's with extreme levels of exec compensation are late stage stocks and should always be avoided.
Stock was acting so badly that I assumed that some really bad news was coming.( Maybe loss of a major contract or legal issue or earnings not good). Not opposed to getting re-involved with this stock if there is no bad news as it is now trading at bargain level.
Any word on whether this is a one time special, quarterly, interim or what kind of dividend? If this is a quarterly it would be great. I know the Chinese don't handle divs the same as US companies.