Time to reload on ET?
Just 2 weeks ago, Evertz reported really solid quarterly financial results, beating Street estimates and posting record revenues. The stock was up 4% on the news and analysts responded by raising their estimates and targets.
Then the stock started to fall, not too surprising some ppl wanted to take profits (I did too) and after scooping up the Sept divvy. But it was down 10% from its high at one point today before bouncing back a little (now -8%). Dividend yield is at 4.2% (looks v safe) and this is a company that likes to pay special dividends in Dec. if it's sitting on a lot of cash (was $73M @ July 31, tracking 34% ahead of last yr).
Time to reload on this?