GREY:ITGQF - Post by User
Comment by
Methodon Feb 12, 2018 5:34pm
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Post# 27547407
RE:RE:RE:Jarislowsky, Fraser
RE:RE:RE:Jarislowsky, Fraserpoubelle1 wrote: We are in the Sweet spot.
Interest rates are rising. The profit on debt securities will rise and over time. Consolidators will want more exposure to debt specialists.
Management owns most of the stock, including Veronica Hirsh. The only way they will get their money out is with a buyout. So, expect one in the next 3 years.
Also, if you include unrecognized profits from the real estate pools, this company has close to 1 dollar in cash.
I have a target of 3.5 to 4 in the next 3 years as a buyout price.
That seems pretty reasonable. I expect them to increase the dividend at their year end (September) as they should be earning north of 10 cents on an annualized basis at that point. Lots of short and long term catalysts between dividend increases, fund raising and eventual sale.