Patriot Scientific der Highflyer 2006

Momentan nicht viel los, Lage ohne Nachrichten könnte sich bis Oktober ziehen und an den Nerven der Anleger zerren.

In Amerika wird u.a. diskutiert, in welcher Weise Einnahmen aus Lizenzzahlungen  von PTSC eingesetzt werden sollten, zur Zahlung einer 3. Dividende oder zur Expansion in Form von Akquisitionen als Basis für die Zukunft ?? Die Meinungen dazu sind geteilt, von den Longs wird die Verwendung als Invest in die Zukunft bevorzugt.

Für die englischen Sprache beherrschende Anleger hier interessante Info von Angehörigen des RB-Forums u.a. bzgl. Zusammenhang von PTSC-Kursen und Dividendenzahlung / Aktienrückkäufen, zunächst ein Artikel über die Kursentwicklung (nicht)dividendenzahlender Unternehmen in Bullen/Bärenmärkten:

Dividend-paying stocks pull ahead

S&P 500 TOTAL RETURN
Through July 31:
July Year-to-date 12 mos.
Dividend payers -0.6% 4.3% 7.0%
Non-payers -4.3% -3.3% -1.2%
Source: Standard & Poor's

By Adam Shell, USA TODAY
NEW YORK — Thanks to rising turbulence in financial markets, dividend-paying stocks are again acting as life preservers for jittery investors. In search of protection in an increasingly volatile market, investors have yanked a page out of legendary value investor Benjamin Graham's book, The Intelligent Investor, and are implementing an investment strategy that affords them a "margin of safety," says Jeffrey Saut, chief investment strategist at Raymond James.

Indeed, those dowdy, defensive, dividend-paying stocks that pay a guaranteed cash stipend every three months are suddenly performing like market leaders. They have outperformed stocks that don't pay dividends, and thus rely solely on appreciation, by nearly 4 percentage points in July, and by more than 8 percentage points year-to-date, Standard & Poor's says.

Dividend payers are up 4.3%, vs. a decline of 3.3% for non-payers through the end of July, says S&P. And since the S&P 500 hit its 2006 peak on May 5 and suffered a steep pullback, payers have provided a lot more protection from losses, declining only 4% as non-payers cratered 11%.

"The market is now demanding and paying a premium for reliable cash flow," says David Sowerby, portfolio manager at Loomis Sayles. "Stocks that pay dividends (are) a way for investors to put on a raincoat and protect themselves from stormy markets."

The lure of stocks that offer cash payouts is common when markets stop going straight up, says Nicholas Sargen, chief investment officer at Fort Washington Investment Advisors. "In a sell-off phase, it is a very good defensive way to play the market. Much of your return comes upfront in the form of dividends."

Dividends cushion the fall when stock prices decline. They also provide a double bang for investors' bucks because they can add to a stock's total return when prices are rising. "Say you buy a stock with a 5% (annual) yield," says Saut. "The share price can decline 5% over the next 12 months, and you are still even."

S&P 500 stocks, on average, are yielding 1.9%, S&P says. This year, 200 companies in the index have increased their dividends, vs. 207 this time last year.

In down markets, the riskiest assets tend to fall the most. That's what happened in May, when a global liquidity squeeze caused emerging-markets stocks and small-company stocks, which typically do not pay dividends, to suffer double-digit losses. Says S&P's Howard Silverblatt: "The more market turmoil you get, either up or down, the bigger the variance in performance between payers and non-payers."

In 2002, the last year of the bear market, payers lost 10.9%, vs. a 30.3% fall for non-payers. In 2003, the first year of the current bull market, stocks that pay dividends rose just 33.5%, vs. a 61.7% gain for non-payers. Barring a big rebound on Wall Street, which would favor more aggressive stocks, dividend-payers should continue to outpace the market, Saut says."

poster: (resesny 1)

DIVIDENDS vs SHARE REPURCHASES and the PTSC PRICE  

The first 2 cent dividend was announced on 2/14/06. On that day the share price closed at .27. It rose to close at 1.75 on 3/9/06 when the second 4 cent dividend was announced. The share price trended lower until...
On Monday 4/24/04 the share repurchase plan was announced and PTSC closed at 1.17, up from a .985 close the previous Friday. The share price then fell steadily for a month, closing at 69 cents on 5/24/06 before climbing to $1.37 on the Friday before the Monday, 6/5/06 Sony license announcement. Since then PTSC has traded in a gradually downward direction between 1.07 and today's .845.
The share price went down 44% in the six weeks after the second dividend was announced. The share price went up 548% in the three weeks between the first and second dividend announcements.
The share price now has gone down 28% since the 4/24/06 share repurchase announcement.
The 44% down and the 548% up that's coupled above with the dividend announcements, probably has more to do with the rise and fall of buying exuberance than the dividends. But the dividends did not overall seem to hurt that buying exuberance.
The 28% down coupled above with the share repurchase plan however defeated buying exuberance that should have been created by a number of license agreements.
One must conclude from this that the share price currently suffers from PTSC's share repurchases but that there is no basis for believing that dividends hurt the share price.
Share repurchases may in the long run help all longs but in the short run the record shows that they hurt the share price. In the short term the record appears to show that dividends either help or at least do not hurt the share price.

poster: (trendtimer)

Coincidence?  

Fewer than four million PTSC shares were traded this week. The last time that happened was in January, just BEFORE PTSC made its historic pps increase from under 10 cents to over 2 dollars within a matter of weeks. Is it setting up for another run? Who knows? Stranger things have happened.

poster: (mbengineer1)

The mms do not want a div since they will have to pay it for the naked shorts they sold... This could cost them plenty.

Zum Abschluss auf den Punkt gebracht :-))....

poster: (devilhog1)

Let's all remember the best part of all:
PTSC is profitable and pays a dividend
This is unheard of for a BB stock. We will rock no matter what! Just HOLD!