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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: big guy who wrote (9902)6/2/2005 10:07:54 AM
From: Schnullie  Read Replies (1) of 37387
 
<<How safe do you think that 10% yield is?>>

According to their website, the divie (actually listed as "interest" and return on capital) has been in place since Dec 1997 or so, although the distribution frequency seems to have changed frequently with time. Currently monthly but formerly bi-monthly, quarterly, and even 5 months in one year.

Prior to 1999, the dividend was about twice what it is today, and shows a trend of gradual decline. Hasn't varied in the last 16 months or so.

Note the "Outlook" from their Canadian Interim Status report for 2nd quarter 2005 - sounds like the Adams Diet has hit Canada:

Outlook:

The sugar market declined slightly again in the second quarter of fiscal 2005 when compared to the same period of 2004. It is still too early to assess if this decline is due to timing or due to consumers changing their eating habits. The shift in sales mix from consumer to industrial sales is likely to continue, which could negatively impact overall gross margins. In addition, the market remains highly competitive, and Lantic / Rogers will continue defending its market share against local and import competition.
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