Dividend is the food for investors.
Ya lol!
You know something; i usually collected the highest dividends from my stock portfolio in my investment life during 2008/2009 situation. -Never in a rising market. i think something is wrong somewhere. Maybe it's high time i should calibrate my investment "style".
Can anyone help me to do better?
Thanks.
hi uncle,
one reason could be u switching to defensive plays such as telcos in order to reduce downside. thus in doing so, ur dividends r highest during severe downtimes. cos in practice, if u stay vested for a long period, no abrupt change in nature of portfolio, ut divudends shd be highest during uptimes cos thats when companies report bumper earnings.
(26-05-2013, 05:32 PM)paullow Wrote: [ -> ]hi uncle,
one reason could be u switching to defensive plays such as telcos in order to reduce downside. thus in doing so, ur dividends r highest during severe downtimes. cos in practice, if u stay vested for a long period, no abrupt change in nature of portfolio, ut divudends shd be highest during uptimes cos thats when companies report bumper earnings.
Hmm...
Logical! Logical!
DW, I already warn you to be careful about what you post here. Those 'HWZ' style posting are not welcome here.
Even though you make a mistake of calling the earning summary you post a balance sheet. If you see what you post carefully, you can't even call it 'strong' when only 2 yrs of actual earnings are posted and the rest are just forecast based on some analyst's fragment of imagination.
I never understood how they got those figures. When I was doing my course, I remember I just did a simple 'average-growth-for-last-5-yrs' and project it forward to the next 3 yrs. Hey, that was for a course work so precision is less critical.
How does 'real life' analyst project their earning figures? I wonder.
i think to be fair the EBITDA growth rate looks plauisble. But at no point did they show the Free Cash Flow projection which is more important.
The EV/EBITDA at 10 times to 8 times look dear. I would consider it cheap if its 6 times EV/EBITDA
(06-06-2013, 01:36 PM)violinist Wrote: [ -> ] (06-06-2013, 12:04 PM)Dividend Warrior Wrote: [ -> ]Strong balance sheet.....
[Image: SATS+Summary+earnings.JPG]
This is not a balance sheet.
The table is very likely from a report that is ~ 1 year ago. Reasons,
1. FY13 (Mar) results were out on 14-May-13. An up to date report would not have 2013F...
2. Using any of the DPS & Yield figures, the computed share price is $2.60. Even with the recent market correction, SATS current share price is still close to 25% higher. $2.60 must be ~ 1 year back??
Someone who paid $2.60 may be getting good value but at current $3.2x, is it still good value??