I'd be happy for that too. Targeting D/E of 25% in the near-mid term would sure this thing up nicely.
Even if the current prices reflected future P/E of 10 it is still a pretty good dividend play. Unless the wheels fall off completely it is looking safe in my eyes (but I like death rattle penny dreadfuls, so safety is relative). Say it is closer to 10 times instead of the current 6ish, and the the current price is right......paying as low as ffr 6c / yr is still a whopping 6.25% gross (6/137)/.7
Good enough for me to ride out the red days.
Any views on a wheeless cart???
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