RE:RE:DividendsHere are a few ratios that illustrate just how insanely cheap Supremex is (especially when you consider how far in lala land the rest of the market has gone ) :
Price/Sales : less than 0.35 (According to my calculations : 66M$/200M$)
Price/Earnings : 6.4 (From TMX)
Price/Book : 0.73 (from TMX)
Also, last quarter they has cash flow from operations of 4.9 M$, which for 27M shares outstanding amounts to 0.18$ per share. Earnings were 3.4 M$ or 0.12$ per share.
It is my contention that they can afford to reinstate the dividend, and that since a “suspension” is understood to be something temporary, it is high time, after more than a year and a half, to bring it back.
Cheers!
Nick