New all time high,All time high for Goodfellow was achieve in Jan. 2007 $22.40.At that time sales were
$518m.EPS were $1.53 and book value was $10.96.
Today after Q3 book value was $21.69 and will be north of $22 when Q4 is published.
Sales are north of $600 m,EPS was $4.42 in 2021 and $3.30 after Q3 this year.
So today's deep deep depreciated value of Goodfellow's assets are twice what they were 16
years ago when the market was willing to pay $22.40 and today, market is willing to pay only $15.50
with a clean balance sheet no LT debt. and excess capital of at least 65 million to run the company.
Something as got to give.
I will say it again, we will get a HUGE DIVIDEND in March
65million / 8.5 million share = $7.64.
So the question until mid feb. when they announce Q4 results is:How much will we get.
as a special dividend.$3,$4,$5...
Staying long