many positives?

  1. 534 Posts.
    Hi All,
    Anyone follow ISS or done any research into this "fairly" illiquid stock?

    I believe it has many positives, which could present a good opportunity for a short term trade (ive taken short term to be anything upto 12 months??)

    Strong cash position of ? $7M.
    Zero debt.
    MC of around $13M.
    tight fiscal attitude from managment.
    Pays a dividend of 5%(at current SP).
    About to re-introduce interim dividend,from 31/12/10 subject to trading conditions.
    announced(mid nov) an on market buy-back of shares starting 2/12/10 for a period of 12 months, conducted by Baillieu stockbrokers, of about 10% of the issued stock.
    SP has dropped (been heavily beaten down?) since end of october.
    ISS CEO bought 2.5M @ .18cents in sept 2010.
    Fairly upbeat outlook going forward, intending to increase staffing as company trading conditions improve.

    Am i cynical? or has the SP dropped so the broking firm can buyback shares cheaper?

    interested in others thoughts
    cheers
    wg

 
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