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at 9 cents better go for a counter such as berlian laju , a shipping company, better prospects as shipping industry is making a turnaround soon.
MCPSF may have a lot of toxic property related assets in their portfolio such as mortage backed securities which will not yield any income.
Just my opinion.
monk999 ( Date: 06-Apr-2010 00:09) Posted:
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What do you think of this stock? Can go long @ .09? Thanks.
High risk counter. Dividend may fluctuate widely.
edcifer ( Date: 12-Aug-2008 22:52) Posted:
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Due to the pessimism of the investor, a lot of stocks have fallen below their intrinsic value. One of them would be MacCookPSF. Net tangible asset stands at $1.02 per share while share price is trading at $0.49 which is approx 52% discount.
If dividend payout is the same as last year, dividend yield would be approx 25%. Which mean that if you hold on the stock for 4 years (assume dividend payout do not change) you would have gotten back the sum of capital invested. Only if you are willing to hold on that long
If dividend payout is the same as last year, dividend yield would be approx 25%. Which mean that if you hold on the stock for 4 years (assume dividend payout do not change) you would have gotten back the sum of capital invested. Only if you are willing to hold on that long
source:http://www.uncommonprofit.blogspot.com/