RE:RE:RE:RE:RE:RE:Wow…PLM closed today ..$6.13 per share in cashThere were a considerable number of doubles triples and better post 2008, timing and cash on hand. How about post 2020? I'm at triple, and I'm far from pro. And when will this bear end so that the recovery can begin? All good, ladies and gentlemen place your bets, the wheel spins at 930 on Monday morning! I may hang for a few days, but if I don't see communication, o and g earnings are going to be blockbuster.
Hadituptohere wrote: I do not believe a much larger dividend is sensible, unless it is categorized as a nontaxable return of capital. If invested soundly into liquid securities right now, that money could grow into multiples of itself over the next year. $1 per share is my upper limit of comfort on this consideration.
In so far as to exclude the Mittelman holdings as an option, I do not agree on this point. His historical performance in immediate post bear market years is well documented and as good as it gets. Something in the order of several hundred percent from spring 2009 to 2012 if memory serves. That is what we need right now with this cash mountain. Let him compound it for a year then move it elsewhere later as it is needed.
And as I've previously disclosed, I am invested in Cineplex and IGT and believe both could possibly be doubles.