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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.400-0.3%Nov 6 3:58 PM EST

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To: Ron Bower who wrote (1110)11/9/1998 7:05:00 PM
From: mod  Read Replies (1) of 1418
 
Ron,

Cash up $8 million from the last quarter! Increased interim dividend by 10% to .33, plus an assumed minimum final dividend of .50 (same as this year not counting the extra .25 special) means we get a handsome 6.4% yield while waiting for business to pick up. They could make zero profit for the next 5 years and STILL keep paying their dividends during that time.

With the announced 500,000 share buyback, and the ample capability for more, I agree with Paul that the downside is limited. And they have the capacity in place for growth when it returns.

Dennis
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