CAV - Cavalier Corp (Carpets)

[blackcap]

that still doesnt explain this sudden interest though.... Or is Efficient Markets just not working properly atm?

[shasta]

that still doesnt explain this sudden interest though.... Or is Efficient Markets just not working properly atm?

What about the South Canterbury Finance money going into the NZX market, for dividend paying stocks?

The earthquake in Canterbury will certainly help CAV over the next year

[macduffy]

I've never been overly impressed by the Efficient Market theory.

Markets - and individual stocks - have always been subject to large dollops of sentiment, enthusiasm, depression and mood swings which tend to throw "Efficiency" out of the window on occasions. At least, that's been my experience these last 40 odd years!

Perhaps CAV is just back in fashion?

[h2so4]

that still doesnt explain this sudden interest though.... Or is Efficient Markets just not working properly atm?

Who knows and who cares why? Maybe some investors have just gone nuts.

[blackcap]

Who knows and who cares why? Maybe some investors have just gone nuts.

Cheers... I quite like your theory, I really do. Well im not complaing as I hold a few. Definately some South Canterbury money coming in the next few days to keep the market propped up. Cav has been a great little company, divs are good, imputed and happy to hold

[h2so4]

I was playing around with some new ratios I found that I quite like. It comes from a book called The Little Book That Beats The Market. Well worth a read.

As at yesterdays close

Return on capital 27.5%

Earnings yield 9.5%