"Paying substantially more for something that it's worth, should never be termed a bargain."
Do you have some unusual definition of 'worth'?
A pretty good definition of 'present value' is "the discounted (at some acceptable interest rate) value of all future income" and WMI is currently paying a dividend of roughly 7%, which grosses to roughly 10% with imputation credits. WMI also has a very solid dividend reserve. Further, it has been doing this for some time now.
Which WAM stock to buy?, page-25
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Last
$1.45 |
Change
-0.005(0.34%) |
Mkt cap ! $401.7M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.46 | $1.44 | $500.5K | 345.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 33430 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 5000 | 1 |
View Market Depth
| Last trade - 15.56pm 13/11/2024 (20 minute delay) ? |
| WMI (ASX) Chart |