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Antero Midstream Partners LP Message Board

  • better_eagle1 better_eagle1 Jan 16, 2013 3:23 PM Flag

    Today's weakness a good buying opportunity?

    3.7% yield, $18.64 book value; Go-private bid of $17.18. Massive short interest. Very small amount of insider selling. Strong coverage ratios and cash flow to cover the dividend. Turning around recent bankrupt holdings by a U.K. customer. Strong incentive to go private given extraordinary burdon of the U.K. turnaround and the building of new H.Q. ?Spend high $$$ for attorneys and financial advisors to work on the go private deal. Dividend in little jepardy from a deal collapse.

    Sentiment: Strong Buy

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    • Time to panic if dividend cut?

      • 1 Reply to bridgejumper08
      • Call me blind, but I don't see a dividend cut in this company's future. First, the cash to market cap of the company is a hefty 11%. Second, the companies cash flow per share of $2.55 covers the $ 0.60 dividend nicely. Long-term debt to total capitalization is only 27%. Profitability for the last quarter was hit by one-time items related to Clinin Cards. Anyway the company will likely go private in the near future. The company's downside in case that falls through is a 3.7% dividend yield, a price-to-book value of 0.87X, low debt and a healthy cash flow. The high short position has been established many months ago on the thought that new mobile apps were going to make going to the store to buy cards obsolete and hurt sales. That may happen long-term, but cards are not going away anytime soon in stores. Also, AM has one of the best on-line card sites in the business called Jaque Lawson cards. Check them out. In other words if cards are going mobile, AM will be there too and already is making big strides.

        Sentiment: Strong Buy

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