Although this was already very high based on the PSEi's historical trading range
, it said the implied earning yield of 5.5 percent was still above the yields of some of the most popular investment vehicles, namely: time deposits (2-3 percent), special deposit accounts or SDAs (3.5 percent) and the 10-year T-bonds (4.4 percent).
And the sale of the company delivered to our shareholders $51.25 a share, which was a significant premium to its historical trading range
. As a CEO in good conscience, and as a member of the board in good conscience, that was what I voted to do and recommended to do because it was the right thing for the shareholders."
With scrap markets enjoying the higher end of their historical trading range
, the 2004 ISRI Convention is likely to draw a healthy crowd of scrap dealers, processors, brokers and consumers to Las Vegas to take part in the year's most anticipated gathering of the scrap recycling industry.
The market keeps rewarding Emmis for its sound management and business practices by keeping its stock at the top of its historical trading range