Thursday, January 17, 2013

Venture Corp

Venture Corp: OSK noted Venture's volume has jumped with its price weakened and the reason behind it could be due to surprise order cuts (30%-40%), which may possibly result in lower than expected Q4 earnings forecasts. Nonetheless, dividends of $0.55 (6.875% yield) will be intact and the worst should be over in 2013. OSK notes that downside should be supported and the best time to buy could now possibly be around March prior to the CD and 1Q13 results.

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