Originally Posted by
Roger
Yes and provisioning for bad and doubtful debts of $5.1 million was higher than I expected. Still its a great core portfolio stock and a great hold for dividend income / EPS growth and possible further upside surprises from EPS accretive acquisitions. Its also great that they held costs despite growth in the loan book, (all too often, in fact its the norm, we see companies growing expenses ahead of growing the top line).
Great hold and stock trades cum a 3 cent fully imputed dividend in 5 minutes time so to speak, (record date is 19 March, payment date 2 April), so sellers at $1.37 are really only getting $1.34 before brokerage costs.