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MikeDDKing

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MikeDDKing

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Re: MikeDDKing post# 158

Sunday, 12/06/2009 9:52:30 AM

Sunday, December 06, 2009 9:52:30 AM

Post# of 190
UVICF buyback of 48% of their shares!!!!

I've been buying UVICF pretty heavily as of recently. UVICF makes contact lenses. They made $0.11/share in their fiscal Q1'10 quarter (ending in September) and $0.42/share for the TTM. They pay a hefty dividend of $0.09/share/quarter for a yield of 8.8%. They last traded at $4.10 and have been undervalued IMO because of the overhang of 48% of their shares which were held by an entity in liquidation. They are going to buy back those share for $3.15/share pending stockholder approval which IMO is a nobrainer to approve. That buyback is going to significantly increase diluted EPS going forward to something like $0.75/share/year. IMO the stock has a good chance to double in the next six months.

http://finance.yahoo.com/news/Unilens-Announces-Stock-prnews-2404444871.html?x=0&.v=1

Mike

Visit my favorite boards:
SwingTrade - #board-1781
VMC Motherboard - #board-3251

Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.

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