Thursday, February 17, 2011

MNDO Earnings

MNDO Has Solid Earnings + 32 cent Dividend

Wow, my second straight solid Israeli stock earnings report. On the heels of NVMI, MNDO announced very nice numbers, weirdly mid-day yesterday with a strange headline (MIND CTI Reports Cash Flow From Operating Activities of $6.3 Million in 2010). They said they were to report earnings after the market closed, then this came out at 10 am. Maybe they meant after the Tel Aviv market closed?

They announced a whopping 32 cent dividend, that is almost 10%. They actually remind me a lot of MAIL, another small, inexpensive Israeli stock that paid a very substantial dividend. MNDO is up 18% since I bought them at the start of February.

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