RE:Interesting...I guessmjh9413 wrote: This seems to be run for the benefit of the insiders methinks. The 2 execs hold ~41% of shares and get rewarding salaries, bonuses and other compensation in addtion to perks for car and golf. At last report they held ~1.7MM options at 9c due to expire 2 days before the ex-div date so presume these will all be exercised by then. Business has been pretty flat but they say there was input problems this last quarter. I have no idea about competition BUT with the dividend they not only reward themselves in a tax efficient way but also other shreholders. ! penny a year for a yield of 5 1/2% at current ask price. If there is potential for new business and no significant danger re: competition, might be worth holding, like a GIC with a better int rate and upside potential but also with risk and no more dividend...anyone
HA! you nailed it. They have debt up the wazoo, but dividends and share buybacks are eating up whatever positive cash flow comes in.