Q3 Results:Q3 results are outstanding.
9 month net income $1.02 per share. If we assume Q4 equal to Q3, yearly income $1.49.
Dividend increased to $0.08 icluding special dividend.
If dividend kept at $0.08 per Q, dividend would only be 21% of earnings.
Look for dividend increase in 2022.
At 8Xs earnings this stock is worth close to $12.00.
At 10X's earnings, close to $15.00.
This sock was a cash cow back in 2007 & might be heading that way again.
The offer a few years back to privatize the company at $2 /share would have been a steal.
If anyone is still interested it'll cost a few more bucks.
Hang on to this one, its a winner.