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Strategies & Market Trends : Value Investing

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To: Brinks who wrote (17573)8/15/2003 2:12:18 PM
From: Paul Senior  Read Replies (1) of 78919
 
Thanks, Grommit and Brinks. Appreciate the diverse comments on ACAS.

I added yet more ACAS today.

Brinks, hard for me to see ACAS trading again close to its lows. If it were to trade down at stated b.v. it'd provide an annualized dividend yield of $2.76/$16.11 or 17%. (I assume the dividend isn't going to be cut, and I could be wrong.) OTOH, history might repeat: the stock has traded below 16 in the past 12 months. I've seen dividend yields at 18% before; scary to be owning the stock then, because one knows something's not in equilibrium or sustainable.
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