boring stock, but nice divie..., page-9

re: painfully slow, but on the move... dkguinan...

Thanks for the reply.

Yes...very boring stock, but also fairly consistent!

There has been some historic overhead in the $1.02 - $1.04 level, through which the stock failed to break some time back.

This time however, it would appear the overhead may have been taken it out.

What initially attracted me was a combination of factors including the 5c dividend (which isn't bad for a sub $1.05 stock), the share buy-back, the current NTA and the $1.00 options.

In particular, I was attracted to the arbitrage in the options, which still exists, but to a lesser extent now.

The NTA should be over $1.18 by now, so still room to go a little higher in my opinion, even when you allow for options dilution and divedend effects.

Cheers!