Joe said 21.5-24.5 million in CAD for 2009 and more in 2010.That is .70-.77 in 2009this assumes no economic improvement or new companies.He is saying no downside surprises.
Where will the money be from to continue the current distribution (1.36) if CAD is only .70-.77, and is this total amount sustainable?I hope so, I'm a shareholder.
From about $100m in cap gains, thus far undistributed by CODI.
Guidance indicates a minimum 60.2 cents/unit CAD for 2h09. So that's getting there.The important take away from this press release is that business conditions have normalized. This is a necessary condition before multiples can be confidently assigned to acquisition targets.Which is to say, expect acquisitions soon. A $20MM acquisition will be enough to cover the distribution 100%+ with CAD. And CODI have much more than $20MM of liquidity.