whg buying opportunity

WHG has moved on to some extent now that it has been knocked down to the low 60s.

Four key areas are worth mention:
1. The new price gives WHG a p/e of less than 10 according to ETrade even on soft earnings. The price has been marked down around 40%.
2. As mentioned earnings are soft, however management has been restructuring the business to cut 123 staff and costs.
3. The dividend is handsome, barring any reduction. It sits at 10% which should attract some yield chasers.
4. The bid may still come to fruition as SFW has left the door open and WHG remains attractive to any other financial player looking to bulk up on business or financial advisory services. It seems that the WHG Board could not agree on price otherwise the merger would have already happened.