OTCPK:JENGQ - Post by User
Post by
longondmxon Feb 14, 2013 2:43pm
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Post# 20990292
Just bought half my position...
Just bought half my position... I do not want this to pass by me so I bit off half my position. I'll be disciplined as I truly believe it will go down to around $7.50 shortly at which point I'll likely fill the rest. If it does not, and I am wrong, I'll be happy with my current purchase.
With a market cap of 1.1 billion and their sales...this is a decent buy at this level.
I still think their dividend is too high and the market feels the same...but at this price, the risk of a further dividend cut is mitigated. Macro issues aside, they still have a viable business that is generating profit...the dividend kills them.