Fred Carach

18 Companies Worth Following if Listing Requirements Change

I wish to comment on the above listed stock, Anthracite Capital. I own this stock. At below a dollar it is a fantastic investment. S&P gives this stock a tangible book value of $4.94/share. It raised its dividend last june by one cent a share. it pays a dividend of $1.24 a share and it is selling at 83 cents a share. That is a dividend yield of over 100%. its earnigs are about $1.49/share. Even if you factor in a 20% dividend cut it is a fantastic play. The S&P fair value calculation on the stock is $4.50 a share.