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They have a P/E of 111.
I don't think they can keep paying that dividend unless things change.
Patrick,
I agree that the dividend might get cut. I like the fact that they are projected to make 21 cents next year instead of 4 cents this year. That's over 400% earning growth. While you're looking at the trailing PE of 111, I'm looking at the forward PE of 31.
Thx for your input though.
If you buy this stock you have to be hoping that the price of natural gas goes up. It will eventually, but it could take a long time.
I used to own this stock when it was paying a lot of dividend. Not sure how I came across this stock this morning, but I bought 1,000 shares of it at $6.41 after a quick look at its balance sheet.
It pays dividend on a monthly basis with an annual yield of 7.7%. It has a book value of $8.70. Although it has been cutting its dividend, the projected growth for next year is not bad.
Any thoughts on this stock? Thanks.