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

To: Madharry who wrote (42118)	4/1/2011 12:51:52 PM
From: Spekulatius	Respond to of 78565

re DMW Corp. Dividend was 70Y/share with the stock trading at 1500Yen. Of course it is well possible that the dividend will be reduced with this years earnings to be projected much lower. They also bought back ~2% of their outstanding shares this year in what appears like a brokered transaction. DMW actually sailed through the recession without problems according to the numbers, I assume they had a large backlog that is running out now. I have seen similar patterns with other pump manufacturers or infrastructure/industrials like Alsthom , so I think it's not a company specific issue, just the late cycle nature of the business. These large pumps go into huge installations and the orders for those tend to lag economic cycles.