Correct me if I am wrong, but these guys look like a loser - not a winner.
If you go to their web site you find that in the last 2 years:
Total Assets has gone from $65MM to $43MM to $39MM
Net Assets have gone from $53MM to $31MM to $24MM
So they have basically lost 50% of their value in the last 2 years.
You are right that they did offer a dividend.
It went from $0.35 to $0.02 to $0.00
There has been some increase though:
Their debt has gone from $4MM to $13MM to $10MM
Gimme a break.
hhgp.com
Financial Position 31-Dec-01 31-Dec-00 31-Dec-99
Total Assets $39,682,367 $43,343,423 $65,320,768
Total Income Tax Liability $1,619,538 $7,116,036 $1,517,774
Other Liabilities $13,728,059 $4,393,912 $10,168,189
Net Assets $24,334,770 $31,833,475 $53,634,805
Net Asset Value Per Outstanding Share $2.75 $3.51 $5.80
Cash Dividends Paid $0.00 $0.02 $0.35 |
