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Strategies & Market Trends : Value Investing

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To: staring who wrote (58128)10/7/2016 4:51:29 PM
From: Graham Osborn  Read Replies (1) of 78748
 
I'm not feeling all that warm and fuzzy about SYNT now. I just calculated the dividend payout at 1.3B, which is about all of their book value. They've been accumulating book at a rate of around 300M per year, so that will take at least 4 years to replenish if the good times continue. I guess I didn't realize the cash dividend practically enucleated the company. It's cheap on an operating basis of course, but at this point it's tough to call it a value stock :/
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