Originally Posted by
Shareguy
Some very good posts on here lately. Steel and Tube has a long history of being a high dividend payer. Sure there has been a few haircuts along the way, but I believe the future looks bright. There is no doubt after releases by the company that it’s going to be a fantastic year. I don’t expect this to be a “one off”result and believe that the company is set for long-term sustainable growth. If you look at presentations from the company they aren’t reliant on anyone industry and so the current downtrend in housing is not going to be huge.
Apart from the juicy dividend, I firmly believe that it is ripe for a take over which is why it’s my largest position on the NZX.