Buy @ $0.51
Make a bet that coming Q3 results will be good… worst case, Div = 1ct ought to be mainatined and provide some share price support… 😀
Results were announced after mkt closed… EPS = 1.99ct, much better yoy (1.27ct) but last year was not a good Q… On qoq, only slightly better, vs 1.93ct… Not up to my expectation, when compared to Industry BB… but, according to their release, it's as per their guidance of a flat Q3… Forward guidance for Q4 is weaker…
9M EPS = 5.67ct ; FCF = 5.24ct. As long as Q4 stays positive for both EPS & FCF, the likelihood of maintaining Div = 3ct for Q4 is good… Shares Buy-Back still MIA…