ROTARY ENGINEERING - $143.8m CASH . TRADING AT NAV + 12% YIELD

Stock

Burned is no Stock Saint nor a Big Boy.
Stocks sometimes up sometimes down.
Burned has no vested interest in this counter.
Burned learned how to be safe, than sorry.
Looks like a technical rebound from a oversold position. Some distributions go on.

fast approaching Full year dividend declaration time again

uncle Zen  -- happy  sunday, when do you tink the business of rotary will rebound?

rotary has definitely bottomed out at this price
It had a disastrous year with share price dropping from $1+ until now
Buy on weakness .
As the article below shows the projections of oil and gas investment in the gulf region up to 2020 with over $666 billion going in

Looking into Rotary performance, FY2011 profit is down. Div paid out drop from 3.8 cts to 2 cts.
FY2012 1H making loss and no div declare as compare to last year 1H div 1 cts. 12% yield for Rotary is already history. For petro-chem business is never easy and very competitive and alot of surprises. Count me out.