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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (33702)	6/8/2010 3:43:26 PM
From: Paul Senior	Read Replies (1) of 78704

EONGY. At current price I'll add a few more shares of this European utility. finance.yahoo.com If the Euro goes 1:1 with the dollar, and if the dividend withholding tax is 15% (I'm not sure what it is here), and if the distribution remains as it has been last couple years (1.5 Euros), that would be .85 x$1.5/sh = $1.175 cash on a now $28 stock, or about 4.6%. A bit over 5% if USA taxpayers file and get the tax back as a credit. The yield is not a particular reason to buy EONGY. It's enough though for me to hold the stock to see if stock price recovers.

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