1. The analysts consensus estimates were for $0.16/share. The number to compare that to was $0.14/share. On that basis they were a couple cents short.
2. The net cash flow per share was really good. Net cash provided by operations was just shy of $0.60/share. That is a 3.5x coverage on the dividend of $0.17/share during the quarter.
3. The financials look a lot better. Interest expenses were down over 50% and will fall further next quarter. Debt dropped by over $100M year-over-year. Other metrics looked ok. Sales could have grown better. Sales margin improved nicely. Other musings, but don't want to bore anymore than I already have done.
All-in-all, the headline number looked bad, but the underlying data was much better. This reminds me a lot of Canadian Royalty Trusts. (Interestingly, they both pay out a ton of their cash flows.) The accounting is somewhat screwy and you're better off doing a cash flow analysis than a traditional GAAP earnings to track how they performed.
Will reserve final quarterly results judgment on what I hear in the cc.
after hours I see a 200...300...and 400 share trade at 9.00...a 100 share trade at 8.95...a 6000 share trade at 9.29....and a 100 share trade at 8.95 at 4:09 pm ...then at 4:26 pm a 4700 trade at 9.29 and a 200 share trade following that at 5:23pm at 9.34..
That's all from the trade log. But feel free to put a sell order in at 8.85 pre-market and I'll be glad to pickup your shares.