Vitreous Glass Inc V.VCI

RE:Long term investor

[EverydayCap]

Hi Charlie,

With all due respect, can you check your numbers? If you did indeed pay $3.60, you would have bought no earlier than Q4 2015. Over the 7 years that ensued, VCI has not paid >$3 in dividends. 

There's no denying that VCI pays a good dividend. But the total returns since 2015 are in-line with the SP500. When you account for the poor liquidity, lack of earnings growth, gradual deteoriation of the business (less glass is being used for beverage containers), and cooling housing market, what's the case for holding when there are so many other great opportunities being offered up?