CLP currently trades at 49.25 and is going to pay a special dividends of $10.75. The stock is not really going up a lot. What are your thoughts.
2007-05-08 09:02:19 · 2 answers · asked by thebigcheeze 1 in Business & Finance ➔ Investing
Good dividend yield. Two and a quarter billion in market value, 2.3 billion in debt, with a half-billion in sales, $9.31 sales per share, $50 per share debt, $40 per share book value, its price to book value is some 36 percent of the industry average, debt to equity is some 60 percent of the industry average.
Sounds a little heavy to me, BUT some 74 percent of shares are owned institutionally and over 17 percent owned by insiders. With 92 percent sewn up and 8 percent open, there are plenty of people with plenty that think pretty highly of it. It is retrenching a tad after the run-up following the drop during the mortgage bust. It is pointed to the floor so there is plenty of upside to its ceiling. You could do worse--but watch institutional and insider holdings, if they drop then don't walk, RUN. Meanwhile, it has some good things. Go for it.
2007-05-08 09:25:56 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
you need to check futher but most of the time once a dividend is announced the cut off for ownership payout is cut off as of that date
2007-05-08 16:16:21 · answer #2 · answered by red to go 1 · 0⤊ 0⤋