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Junior Member
OK Gents - this lot have been on my radar for a couple of months as being an "out of favour" stock getting priced very cheaply.
As I read the numbers on the Methven site investor centre ( http://www.methven.com/nz/investors/five-year-summary ) they make profits every year and seem to be distributing most of it as dividends.
Recent announcements suggest a $6m full-year profit forecast (within cooee of the last two years) and probably a 6-8c annual dividend still on the cards ... and yet they've dropped to buy/sell range of 100/104.
I like their products and think that the company is still profitable and likely to get a boost from eventual Chch rebuild - but I'm rubbish at picking a share price bottom - and feel I must be missing something obvious.
What's the feel with Methven here? Are they a solid share for a 3-5 year hold? Or should I stay away?
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