Have a dividend of $0.28 per share, which is 3X what it was 3 years ago. They have $75 million in cash and have announced a bunch of buybacks but he doesn’t think that’s what they should be doing with the money. They should get rid of the Bing search engine, which is not working and costing a lot of money. They should also raise their dividend. If you want a greater return, he would look elsewhere. He is not the least bit interested in this name.
GPS technology. He was looking for a technology play with a good yield. Likes their Marine, Fitness and other divisions. Feels that the GPS market as a whole is going to be huge. They are reinventing their product array and it is a really, really strong company. Lots of cash. Yield of 4.1% with a 60% payout ratio.
An ETF or a stock that would be good in the materials space? In this sector, you are typically talking about things such as gold, copper, silver, metals, mining and fertilizers. He would probably be inclined to go with a name like this which is already started to move up a bit. He would also just take half a position.