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!
WLS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
