Well madamswer warned readers re DOW and today its getting hammered. Still have my parcel costing $3.54! sigh. But its not all doom and gloom although the buyback appears to have dried up 5 weeks ago and that def does concern me.
I still have FY16 eps at 43c and divs at 24c ffr. That gives (at SP $3.20) a PE of 7.44 and gross div yield of 10.6%. That may attract some investors. But firm does need the outlook in next months interim to continue the positive theme of the August yr end. But in this mkt 6 months is almost a lifetime. Hold and med risk/med return buy. Newbies can afford to be patient but who knows these days?
DOW Price at posting:
$3.19 Sentiment: None Disclosure: Not Held
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