I’m travelling today and already late for my first meeting, so I can’t give you any real feedback on the NIHK quarterly report.

However, it shouldn’t be that complicated. Revenues are way up, and losses are down. One of the biggest expenses now is dividends on preferred- which is being paid in shares- this could represent more supply for the market to wrestle with, but that’s the price of poker.

I’ll craft more thoughts when I have some time to look at this one. For the time being, I still believe owning this stock is like owning an option that doesn’t expire.

Submit and comments or questions, and I’ll get on it next week.