Below $4 or even to book value ... I find it hard to see the stock falling to those levels unless there's some unexpected bad news announcement. The divdend yield ought to protect this stock from those kind of extreme lows anyhow.
The business has been ticking along, perhaps a little subdued due to the state of the global economy, so I can't see any real bad news on the horizon. It's just going down with all sorts of other industrials at the expense of the mining sector. It's a two tiered economy as well as a stock market at the moment.
It is suprising that the stock keeps sinking. This started a few years back when Little gave an OK profit result which the market took bad. But what's encouraging is the stock rises quickly when it does so once the trend turns it will jump back to the $7 region real quick.
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- sub $4.00 looking good to me
sub $4.00 looking good to me, page-2
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