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Posted by on October 18, 2007, 2:32 pm
I own MSB and would like feed back about it.
MSB is a small cap Iron Ore play.
Iron Ore is the major component in Steel, which is one of most
important metals used in industry.
MSB pays a solid dividend, current annualized at 8.4%. However,
the pre-July quarter dividend was low because iron ore shipments
from the Great Lakes region are hampered by ice preventing
ship traffic. So the actual dividend is more like 6%, give or take.
MSB has been somewhat volatile due to the following factors:
1) Iron Ore prices have been rising dramatically (bullish)
2) Iron Ore producer competition (bearish)
3) Chinese demand remains strong well into 2009 (bullish)
4) Dollar weakness implies higher commodity prices (bullish)
5) MSB trades in very low volumes (bullish/bearish, depends)
MSB has had a recent run up. Factors include its dividend,
which will pay $0.48/share with EX dividend date of Oct 30.
QUESTION:
For a dividend play, is MSB a good choice?
For a long term iron ore play, is MSB a good choice?
After the divdent EX data passes, is the stock likely to
drop in price? (Note the low volume).
What other newsgroups are good places to post these questions?
Cheers,
Dennis
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