SATS

[KopiKat]

I went back to look at my figures again to try to understand why I 'forgot' to buy some,

For the 1st 3Qs, eanings had been lower vs last year. At the same time, Share Price had stayed strong >$2.40 for the past few mths. I was also not expecting another Special Div, so soon after last years' Special. In that case, the PE seems high (17+) and the Yield seems low (4%+), that's why I must have decided to give it a miss.

*Post-Mortem*

The Cash in Q3 = $423M ought to have given me a clue that Special Div is highly possible (Q4 last year = $304M when they declared Special Div). I guess I must have been expecting them to use the excess cash 'wisely' for more acquisitions to support their declining EPS.

Q4 EPS was also a surprise as it rebounded back to be close to the previous year level. I'll have to remind myself to watch Q1 results closely + more detailed look at their different segments... Haiz.. so much homework, in case you think it's just a simple matter of just looking at the cd/xd with a simple fixed Price Band.. to do 'Trading'