Savaria Corporation (SIS)

[fanofpennies999]

Here I am...
Paid over 1.50 for it.
Has been trending down.
Collected 10 cent dividend in april.
Policy of the company is to distribute exactly half
of the yearly profits as a dividend to share holders.

The last dividend was paid in April.
Last quarter was abad quarter because of a higher value canadian dollar.
Helene Bernier, vp, said the company has hedged itself on the markets incase the profits are down because of very weak u.s. dollar.
Last quarter they lost on the hedge I think.
So, if the u.s. dollar recovers a bit then "unhedged" the profits would jump which would mean a higher dividend.

Even though it is not a micro
even though they have a track record there still is a risk here.
But they are one of the biggest niche companies in its field for North America.

It's the fluctuating american dollar which is the ugly wild card.
Do your dd