Sumoy

Investment ideas and financial education

Boredom at Iberpapel

Since my initial look to the stock, the company has performed as expected, and the share price has marginally appreciated (+14% including a 25cents dividend), but still lagging the local index. It is a pretty boring stock to hold, I admit that, but it is a safe dividend play if bought below EUR14. I would like to see mgmt doing something with their cash, otherwise the stock will continue trading at low multiples. Some more here.

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This entry was posted on 02/04/2013 by and tagged , , .
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