Buy @ $4.88
A new addition to my portfolio. Has been weakening since 1H report on 7-Nov when it closed @ $5.06. 1H Div = 7ct, so, 11ct drop since then. PE = 19.91 ; Yield = 4.508% is not exactly attractive. Same reason for buying as SATS previously. Cash = $466Mil & negligible debts. Meant for short term but can hold. Will have to monitor the Cash position closely to gauge the potential for higher Special Div payout during 2H (Mar), if so. 😀
Seller CP = UBS.