I hope that these keep getting cheaper. Topped up with a few...

I hope that these keep getting cheaper. Topped up with a few more today.

SGF sold off when they missed ECX and MMS trumped them. Now that has gone pear shaped and ECX appears to be back on the market SGF is marked down because they might lob another bid at them. Crazy talk.

There is a lot to like about SGF

Sales increasing / cash flow strong and improving /earnings increasing / dividends increasing / Shareholder equity increasing / Net interest cover 12.7 / good yield / ROE 26.9% / Good management / sound balance sheet / diversifying product offerings.

If they do bid for ECX it will be at a sensible price. Another scenario is that MMS may now consider SGF as a target?

All that I do know is that in the long term these prices are a bargain.

Jack