|
Printable version |
From: | Harley <tomhow@paradise.net> |
Date: | Wed, 10 Mar 2004 21:36:05 +1300 |
The NBR share tables show that LPC and TPW amongst others paid out in dividends per share more than the company earned per share. To me this is not sustainable, bringing to mind TEL and TRH both companies who went down this road in the past with subsequent financial difficulties. I sold TPW at about $4.00 for this reason [ they then went in a short time to $7.00 showing how good my judgement is.] However TPW have from recollection paid out more in dividends than profits earned before this and I wonder if anyone else has thoughts on this practice? Harley ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
Replies
|