.05 per quarter plus buy backs works for me. - good dividend at this rate and better positioned in the future with fewer shares.
nearly an 8% yield now... Can't come close to that in the bank - interest rates will remain low for another decade. - Good "real rate of return" here versus inflation.
You may also want to look at CNTF - China Faith Technology. - $3.10 in cash and $6 plus in book value trading for under $1.25.. Sort of a story stock - Converting from high risk/reward chip business to more stable ?? realestate. - conversion may take awhile - but way too much cash/value to overlook. You basically get their business for free. (which is at about break-even - and get the cash for the real-estate play.) I think this one is also poised for a buy -out if they don't move quickly -- (They could be bought with their own cash...) - Again please do your own due diligence.-
Thanks rzipper1 - I will look at Pilgrims Pride - I like Safe Bulker right now SB - dry shippers are out of favor due to depressed commodity prices for iron ore and coal. SB is one of the best of breed and has still managed to remain cash positive in a very difficult environment. When we come out of the cycle it will accelerate quickly. (other carrier are scrapping ships and dropping out as part of a shake out now.) - This is longer term play - but you can get in for $3 and change and have the opportunity to double or triple + your money with multi-year patience. - Not too much downside risk at this point in my opinion . - Please do your own due diligence.
I wasn't sure if that was true with ADRs or not. - Do you know that to be true for sure?
There have only been a couple of million shares above the normal volume traded. There are over 30MM shares. There is no way that a buyer would get 90% with "normal trading volume." There would also need to be sec filings when a buyer gets to 10% - So while I like your share price numbers I don't think that either the action you described or the resulting share price are going to happen. - But there is definite buying interest and the "take Private " or buy-out price would need to be significantly higher than today's price - so investors are positioning themselves for that possibility. - In my humble opinion I believe $11 to be a fair price based on a number of factors described in prior post. -Actual results may be higher or lower - or no deal at all. Please do your own due diligence.
Agreed -3.10 in cash -6.10 book value - Nothing to be concerned about here - STILL great value! I added to my position this morning when a few weak hands folded.