I have decided to post some information on Barnes. I have not yet seen
a post on this company which Im very surprised at considering how much
they emphasize shareholder value. Here are the events of the last three
weeks to give you an example of the prospects of this company. First, the
company announced a 3 for 1 stock split (now selling at about $70). Next,
the company said they will buy back 1 million of the 7 million shares they
have outstanding and then third they decided to raise their dividend which
is already nearly 3%.
Fundamentally, the stock sells at a p/e of 14 pays a 3% dividend has only
7 million shares outstanding and has 1 analyst following the company
who has a strong buy. Earnings over the last fiscal year came in at 4.90
and are estimated at 5.30 for next fiscal year. |
