I think we could see $14+ soon, probably after this earnings
Check this out ~ DANG
by krystallrc... [31 minutes ago] person not found
Tuesday, co-Founder and CEO Guoqing Li filed SEC Form SC 13G/A indicating that he holds 121.8 million or 29.6% of outstanding shares, a decrease from the 126.1 million shares that he indicated holding in a prior SC 13G filing in February of last year. CEO Li owns these shares via several investment vehicles out of the British Virgin Islands, including Kewen Holding Co. Ltd, Dyna-Best Corp., and Science & Culture International Ltd.
DANG has been among the strongest performers this year, having almost doubled YTD earlier this week, after collapsing almost 90% from its highs in early 2011. We recommended buying DANG in our coverage of Chinese equities on October 3, when it traded at $4.80s; it closed last week at $8.34, up over 70% from where we recommended it over three months ago.
7.05 0.14(1.95%) 3:50PM EST - Nasdaq Real Time Price
Should You Buy This Sky High Dividend?
By Paula Pant - February 1, 2012 | Tickers: CPY | 1 Comment
Paula is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.
What if I told you there’s a stock that pays a 57 percent dividend? Would you buy it as quickly as you could?
Until recently, CPI Corp (NYSE: CPY) did exactly that. On January 3, 2012, it closed at a share price of $1.72, and at the time, it offered a quarterly dividend of 25 cents, which equals an annual dividend payout of 57 percent.
Why on earth would a company do this?
Frankly, I believe it’s because CPI Corp. is going down the drain. Warren Buffet refuses to issue a Berkshire Hathaway dividend because he believes he can put that money to better use. CPI Corp. knows it can’t effectively reinvest the money. So it pays out 57 percent to investors.
CPI Corp., in case you’re wondering, is a company that specializes in professional portrait photography. As of Feb. 5, 2011, it had 3,084 portrait studios, and its massive claim to fame was its contract to do professional portraits at Sears.
Unfortunately for CPI, the demand for portrait studios is dwindling now that professional quality SLR cameras and HD digital photography are accessible to the average middle-class family. As its earnings plummeted, so did its stock price – from a high of $82 per share in 2007, all the way down to $1.72 per share today.
But in May 2010, CPI Corp. announced a 56 percent dividend increase over its June 2003 price, from 16 cents a share up to 25 cents a share.
And as the stock price kept plummeting, CPI Corp. kept the dividend steady. This stock was a dividend investor’s dream.
Until now. Unsurprisingly, CPI Corp. has been served with a class-action lawsuit on behalf of investors who bought the stock from April 20, 2010 to December 21, 2011. (That date is significant, since the company’s stock plummeted 63 percent on Dec. 22, 2011, from $5.28 per share to $1.98 per share).