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To: SI Bob who wrote (26399)3/26/2007 3:11:42 PM
From: E_K_S  Read Replies (1) | Respond to of 78748
 
SI Bob - Followed you in with a starter position on WPL as their dividend is attractive and with a rising stock market their business should do well. This company will complement my other bank stocks. Based on their past trading history, there is price support in the $18-$20 range. Hopefully they can continue to build their client accounts and management can collect those management fees (averaged 1.10% of managed portfolios).

I will add a few more shares on any sell off below $10.

EKS.



To: SI Bob who wrote (26399)3/29/2007 9:13:47 PM
From: E_K_S  Read Replies (2) | Respond to of 78748
 
W.P. Stewart (WPL) cuts quarterly dividend to $0.15/shr

LOS ANGELES, March 29 (Reuters) - Investment adviser W.P. Stewart & Co. Ltd. on Thursday cut its quarterly dividend to 15 cents from 23 cents a share, saying it is moving from the historic pattern of four equal quarterly amounts to a new policy of paying lower amounts in the first three quarters and a final fourth payment in January.

The new dividend is payable on April 28 to shareholders of record on April 14.

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The current divided rate of $0.15/shr annualized equals a rate of 5.45% at current prices. The fourth quarter dividend could range from $0.15-$0.47/shr depending on the previous years total accumulated earnings. The stock should rally at year end to reflect the anticipated Q4 dividend payout.

It will be interesting to see how this new policy is interpreted by investors.

EKS



To: SI Bob who wrote (26399)6/29/2007 10:14:51 AM
From: E_K_S  Read Replies (1) | Respond to of 78748
 
WPL (WP Stewart & Co. Ltd.)
I continue to hang on with WPL. Apparantely Van Den Berg Management believes there is some value in the company. WPL is now in his top 13 holdings.
nasdaq.com

EKS
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Van Den Berg Management Inc. on Thursday reported increasing its stake in W.P. Stewart & Co. Ltd. (WPL) to 22.51% from 21.47%, according to a filing with the Securities and Exchange Commission.

Van Den Berg Management, a Austin-based firm, beneficially owns about 10.7 million shares of the Bermuda-based asset management company, Thursday's SEC filing said.

In early June, Van Den Berg Management said it beneficially held about 10.21 million W.P. Stewart common shares.

Van Den Berg Management previously said it acquired the shares for investment purposes.