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Joe Stocks

02/23/22 10:36 AM

#77308 RE: Joe Stocks #77304

HMLP - aargh! Earnings out and no news on the buyout offer. Earned 37 cents a share. Not bad for a $4.36 stock. This company use to pay a 44 cent per share quarterly dividend until they had an issue with one of their charters. Once they get that resolved perhaps they start paying a larger dividend again. Now paying 4 cents annually. The holding company offer of $4.25 looks to me to be too low and I doubt it will be accepted. The offer does help put a floor on downside. So, I see little downside risk to the trade, and significant upside potential. If they paid a $1.00 annual dividend with a 10% yield it would be a $10 stock.