16 year high and huge special div. Again today, on very low volume(as usual) Goodfellow hit another 16 year high.
Very few investors knows that there is an excess of at least 60 million $ of capital in this company
This excess capital was accumulated because of the historic profitability due in part to good management through the Covid crisis.Over the pst 2 years, GDL made more than $4 / shres in EPS
GDL does not need this excess capital to run it's operations.So part of this excess capital witch equats to more than $7.50 will be given back to it's shareholders.
Who would want to sell it's shares when you are so close to this announcement.
Goodfellow will be reporting it's results around Feb.16th.
Also,we will probably see the yearly dividend be increse to $1 from 90 cents.
My estimate of the excess capital redistribution is to be between $2.50 to $3.50 / share