Posted on October 13, 2020 by iwano@_84
Despite an alarming surge in coronavirus cases, Gov. Tim Walz’s administration is rolling back a heart-wrenching policy that prevented families from visiting their loved ones in nursing homes and assisted-living facilities during the pandemic.
The Minnesota Department of Health issued new guidelines Monday that allow indoor visits at most senior homes that have not had new COVID-19 infections in the preceding two weeks and the infection rate in the surrounding county is no more than 10%. But the state recommends that long-term care facilities limit how many visitors a resident can have at one time, as well as the duration of indoor visits.
The guidance was issued in response to a new federal policy and significantly eases restrictions in place since March, when nursing homes and assisted-living complexes across the state shut down and barred family visits in an attempt to protect older residents who are particularly vulnerable to the
Posted on October 7, 2020 by iwano@_84
Crown Craft (CRWS) came through a screen we ran where the objective was to find dividend-paying companies trading at low valuations. Crown Craft at present is trading with a P/E of 8.7 and is paying a forward dividend of $0.32, which currently equates to a yield of 5.61%. Being well above average, the dividend is a great place to start when researching the company. The reason being that the sustainability of dividend encompasses the income statement, cash flow statement as well as the balance sheet.
Suffice it to say, the holy grail of value investing is to buy companies that are undervalued and which also return plenty of the company’s cash flow to shareholders. We state this because dividends have accounted for almost half of the gains of the S&P 500 over the past century.
In saying this, Crown Craft’s dividend of $0.32 per share has been at this level