RE:RE:RE:Good Q3 and Nobody CaresI don't pay too much attention to what the analyst think on most stocks I own/follow because, at least in the long term, they are mostly wrong and tend to adjust their targets to the current share price. Most are looking pretty foolish on their price targets of all the "unprofitable tech" they were following in the past year. That said, I was also hoping for a bump in the dividend to at least the same $ amount they were paying before, which would equate $0.80 annualized per share.
I think I brought this up before, but not too much agreement on this board. I believe they are setting Y up for a buyout by private capital. The reason I say this is, firstly, the buyback of shares to make the profit per share higher. Secondly, the large payment into the pension fund to remove the liability and likely then to remove the pension off the books to another fund manager. They can only do this if there is no liability. Anyone who wants to buy Y would then be left with a very profitable company, no pension liability, no debt, and a nice cash balance to boot. I think a $25-30 buyout based conservatively on 8x earnings at $3 per share plus the cash balance in a year of $100 million.