Medium Term Buy: M3TECH

Just declare DIV few days ago, a net cash company.
Earnings on rolling 4 qtrs,: 0.76 . 0.86, 0.62, 1.03 cts = 3.27 cts/yr
Dividend = 2.0 cts/ yr (interim = 1.0 cts; final = 1.0 cts)
PE = 9.0; Dividend yield = 6.8 %
Based on 2008 Annual report
Cash = 17.998 mil ( no Loan), Net current assests = 24.627 mil
Accumulated earning = 24.645 mil

conservative TP: 0.35