insane dividends

[wzebra33]

$10.00 (maybe)
GRANGER, Ind.--(BUSINESS WIRE)--Schacht Value Investors, LLC, (Schacht Value), a value-oriented investment management and research firm, has called for strategic and financial changes at portfolio holding Rimage Corporation (Nasdaq: RIMG). In a letter to the Board of Directors dated March 2, 2011 Schacht Value seeks a “renewed focus on Rimage’s core business” and a “special dividend of at least $100 million, or approximately $10 per share.”

“special dividend of at least $100 million, or approximately $10 per share.”

In the letter, Henry W. Schacht, President and Chief Investment Officer of Schacht Value, asks the Board of Directors to “not burn its cash” on acquisitions, and “consider all options for increasing value, including a sale of the company.”

Schacht Value is an investment management and research company that adheres to a disciplined value approach, and is based in Granger, IN. Further information on Schacht Value can be found at its website, www.schachtvalue.com.