Tuesday, August 12, 2008

macCookPFS-Undervaule gem

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

$0.49- share price as at 110808

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