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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Mark Marcellus who wrote (29273)12/16/2007 10:01:21 PM
From: SI Bob  Read Replies (1) | Respond to of 78753
 
Do you own some or know anyone who does? I'd be very curious to learn if the $4.00 per share dividend actually gets paid.

The market didn't seem to give that PR much respect. The price got bid up the day before it went ex-dividend, but the volume was paltry.

Interesting idea, though, backing off to Pinks to save on the cost and burden of SarbOx. I've heard (but don't know of any such situations directly) that some companies are moving to foreign exchanges, or at least not IPO'ing in the states to avoid SarbOx. But I also understand that staying public in the UK, for example, is becoming just as onerous.

I'll have to add this to my watchlist just out of curiosity about a Pinkie trading at this value and having enough cash to find it worthwhile to pay out $32 million of it in dividends.