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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (30878)5/8/2008 10:48:35 AM
From: Madharry  Read Replies (2) of 78628
 
good timing on your mcgc exit . its being taken to the woodshed today on the announced dividend reduction. down about 15% at the moment. Not sure why the market is reacting this way. seemed pretty clear that the market had been pricing in a dividend reduction. I bought a little more. seems to me that if you accept the $12 book as legitamate and assume a 15% roe they could earns about $1.80 in normal times thats a better than 25% return on my cost.
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