Conrad Industries: A Special Dividend Is Imminent
Conrad Industries (OTC:CNRD) (referred to as "Conrad for the balance of this article) has been written up on Seeking Alpha multiple times with two of my favorite authors Thomas Lott and the wonderfully named Alpha Vulture contributing articles on the company. Their calls of undervaluation have proven to be prescient with the company stock price up almost 100% YTD. Given the run up in the price, it is only logical to question if we are too late to this particular party. However, upon looking at the company's financials and future prospects it appears that not only is the company still significantly undervalued but we are most likely due to see another special cash dividend paid out before year end.
Background
Conrad was founded in 1948 by J. Parker Conrad who is now co-Chairman of the company with his son and grandson running the day-to-day operations. The company operates... Read more
Latest Price: $ 29.00
Dividend Yield (TTM): 0.00%
- No dividends the last 12 months.
Older articles featuring CNRD:
Dividend Growth Investors Have Woken Up To The Real Smell Of 'G'Dividend Growth Investors, Wake Up!
Share Buybacks: Why They Don't Appeal to Value Investors as Much as Dividends