We all must have some ... I know I have one company who's performance has been abysmal ... A company who provides yield while killing value while pretty much having a cpative customer base .... drum roll please Superior Industries (SPB) ... once known as SPF.UN. 2005 value low to mid $30. Find the dvd history from 2007 high 16ish, 2008 high almost 14, 2009 almost 15, 2010 almost 14.50 ... current price 6.57 ... dvd recently reduced from $1.20 to .50 annualized.
Is this a dog with fleas or buying opportunity ... I was in it when it was still an income trust (of course they assured shareholders at the time they were well positioned to continue (they're there) their (sorry for the studder e-man) distribution) so pre 2007 and had an avg cost of 17+ ... they recently cut the dividend and about 3-4 weeks prior to announcing the price already dropped about 35% ... no news leak there (they're their).
Anyways ... I say it is a dog with fleas running it ... any other atttractive yields with bad stories out there? At .50 annualized dvd its still yields near 9% ... and IMO, NOT WORTH THE RISK.
Five Year Dividend History
SPB
2006 0.00
2007 0.91
2008 1.61
2009 1.4585
2010 1.20