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To: richardred who wrote (1962)4/18/2013 1:23:19 PM
From: robert b furman1 Recommendation  Read Replies (1) | Respond to of 8239
 
Hi rich,

Well I have to either thank you or blame you. LOL

After your post I jumped on board in a bit of a different way.

I've sold 20 puts for ISIL October 2013 @ 7 for 81 cents.

That nets me out at about 6.20 a bit below last Novembers low of 6.36.
You will get (2) 12 cent dividends owning the stock.I get $ 1600.00 and maybe must buy the stock at 7.00.

Do you think their dividend is safe?

I like no debt and 1.30 cash but they must get profitable !!

Book value at 7.88 and a net cost of 6.20 is favorable as long as they survive.

Bob