Yesterday, after the markets closed, the company (Corus Bankshares, Inc.) announced a special dividend of $ 1.00 per share, sending the stock price to about 18.25 (up 1.89 from yesterdays close) in pre-market trading.
Good news for those who hold long positions in this stock.
Friday, June 22, 2007
Thursday, June 07, 2007
Surviving the Blows
During the last few days, the markets have been in an ugly mood. It seems like everything in sight is getting pounded. Most of our holdings are giving up some of the gains that we, so patiently, managed to accrue.
My thought is that this is a temporary correction and, in a week or so, stock prices will resume their upward trend.
Amazingly enough, there are a few securities that are holding well under this selling pressure.
Today, Himax Technologies, Inc. (HIMX) appears to be unaffected by the general market behavior.
Himax Technologies, Inc. engages in the design, development, and marketing of semiconductors that are used as components of flat panel displays. The company is based in Taiwan, ADR's are available through the NASDAQ.
HIMX, trading at 5.18 (up .05 for the day), 12 P/E, average daily volume of 481,500; nice base with short term support at around 4.96. Management owns a good percentage of the shares so they have a real interest in the performance of the stock.
I like the resiliency it shows under the existing conditions.
My thought is that this is a temporary correction and, in a week or so, stock prices will resume their upward trend.
Amazingly enough, there are a few securities that are holding well under this selling pressure.
Today, Himax Technologies, Inc. (HIMX) appears to be unaffected by the general market behavior.
Himax Technologies, Inc. engages in the design, development, and marketing of semiconductors that are used as components of flat panel displays. The company is based in Taiwan, ADR's are available through the NASDAQ.
HIMX, trading at 5.18 (up .05 for the day), 12 P/E, average daily volume of 481,500; nice base with short term support at around 4.96. Management owns a good percentage of the shares so they have a real interest in the performance of the stock.
I like the resiliency it shows under the existing conditions.
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