Seeking Alpha

In a press release last month, Sprott Resource Corp. (OTCPK:SCPZF) announced that it would initiate a monthly dividend with the first payout of C$0.038 coming on January 15, 2013 to shareholders of record on December 31, 2012. This announcement obviously had the mouth of every income investor watering at the prospect of a yield in excess of 12% at the time of the announcement. However, it may have also attracted value investors who realized the existence of a large discount to book value and resource-minded investors who discovered the stock after the news. All of this immediate interest drove the stock price up nearly 24% as of the close on January 7, 2013, since the announcement on...

Only subscribers can access this article, which is part of the PRO research library covering 3,776 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: