The point you make is an interesting one because it highlights exactly what this stock is really about. People genuinely believe that the SP is undervalue, especially if it hits anything below .3
However, at the same time, we dont exactly know what TO value the stock at.
That was the point even before their announced their dividend. People were like "oh, what are you going to get out at? .35, .4? .45? .5? etc"
I think in this sentiment, there are a lot, and I mean a lot of people who have just purchased this stock for a quick buck and dont really care about the dividend.
That is quite unfortunate because I do think SSM is a very good company with strong fundamentals. There are many companies in much worse positions with better SP.
Thus, until more people step up and purchase this share for the long run, I am sure it will be nothing more than running from .3 upto .35 or so within the next week or two.
For those who dont want to settle for that, just take a chill pill and relax and dont worry about this stock too much, because as we started off with, it is highly unlikely that it will be going south.
SSM Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
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