yes not many companies paying out 8% of the shareprice in dividends my guess is it is worth around $1.60 a share though not $4.00 as earnings and revenues are stagnant ie a 5% payout ratio which would be around the industry norm , interesting to see if sales will increase going forward like the MD forecasts .
The company is adaptive to fashion trends which is a tick for them !
Hopefully they can do something about the poor results out of Europe .
GLB Price at posting:
$1.00 Sentiment: Hold Disclosure: Held
