Read a buy recco from RBS this morning who also likes the story with $1.65 valn but a cut in div to sub 10c. The value is there no question, I suppose I have been caught in a number of low divi value traps in the past and it can be very difficult to get market recogition for value. CIF for instance has a NTA of $2.60 and a price on market of $1.63 in similar situation. On this sort of metric the bottom for SKI might be about $1.10 so donside is limited I grant you. Will keep it on my watch list for developments.
goodluck
SKI Price at posting:
$1.21 Sentiment: None Disclosure: Not Held