CPI Corp: Buy at a 90% Discount from the Price Paid by Our Guru Arnold Van Den ...
In the search for the highest dividend yield company with a significant drop in stock price, one penny stock appears first in the list. This company has paid a dividend continuously for more than 20 years, excluding two quarters in 2009, and from the end of 2009 it kept paying dividends at an increasing rate. The total dividend paid in 2011 was $1 per share, and now the share price is down to $1.8 per share, giving a dividend yield of nearly 56%. We can have a look at the price movement and the dividend payments in the Google stock price chart below. CPI ( CPY ) was formed in 1982, and has been a long-standing leader in the professional portrait photography of young children, individuals and families. As of fiscal year 2010, it has 3084 studios throughout the US, Canada, Mexico and Puerto Rico, mainly under lease and license agreements with Walmart Stores (WMT), Sears, Roebuck (SHLD) and Toys “R” Us. The company has an advantage of being the sole operator of portrait studios in Walmart stores since 2007, and for Sears since 1986. It also just entered a license agreement with Toy “R” Us since April 2010, to expire in the beginning of 2016. For the revenue segment, Walmart accounted for 52% of total revenue in 2010, Sears was 43% and Toy “R” Us was 5%. CPY's business is quite seasonal; large volume normally occurs in the fourth fiscal quarter, between Thanksgiving and Christmas. The fourth quarter made around 33% of total net sales and the majority of revenue for the year. In terms of the balance sheet, CPY ran into negative equity in the most recent quarter reporting, as of November 2011. It was largely because of two factors: the negative treasury stock at around $46 million and the $20 million deduction in the retained earnings, due to the loss incurred during the year. Following the 10-Q in November 2011: “On August 24, 2011, the Company's Board of Directors authorized an extension of its share repurchase program and an increase in total shares from 1.Sears Portrait Studios Canada - News
Same-store net sales for the Company's PictureMe Portrait Studio® (PMPS) and Sears Portrait Studio (SPS) brands decreased by 18% compared with the prior year, while same-store net sales for the Kiddie Kandids (KK) studio operations decreased by 21%.
By Francois Rochon, For Postmedia News January 23, 2012 I like to start a new year with a quick portrait of market opportunities that lie ahead; the opportunities that look most promising and the areas I feel should be avoided.
CPI (CPY) was formed in 1982, and has been a long-standing leader in the professional portrait photography of young children, individuals and families. As of fiscal year 2010, it has 3084 studios throughout the US, Canada, Mexico and Puerto Rico,
TORONTO - Early indications suggest Canadian retailers saw little to be merry about this holiday season, as consumers focused on their finances rather than the urge to splurge, which could spell a difficult 2012. Major retailers are reporting flat
Sears, especially, has stood solidly in the middle class with American dreamers. For more than a century, it has been selling us a wrench when we need it, a chain saw, even a portrait of the family — posed in collared shirts and sweaters bought at the
