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CIFC LLC Message Board

  • sks424242 sks424242 Feb 21, 2012 2:38 AM Flag

    can omeone explain why this stock is so cheap based on it's high earnings?

    when i look at the earnings over the last few years it seems like it ought to be much higher. a;so, why don't they pay dividends anymore? it seems like they could afford to...?

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    • First the stock is cheap based on free cash flow but not on GAAP earnings. Check out their last quarterly report on their web-site. Secondly paying out dividends is not in their business model of using cash to grow the business through new products and investments. You should read thru their 10K also available every quarter on their web-site. I own alot of this stock and do believe it will be a $10-12 stock in the next two years.

      • 2 Replies to pantagle58
      • Brother you been saying that for the last two years about the price. I think you have to face it, it's just a bad buy. Sold mine when it tickled the sevens.

      • The stock is cheap because nobody knows what it is or how to analyze it. All the assets from the original DFR have been sold, other than the money management business. It will be impossible to estimate earnings until the company reports quarterly results that reflect the new corporate structure. I guess we have to assume that new management knew what they were doing when they bought into the company (at $6/share I think).
        I tried to find out when they plan on reporting earnings, but nobody I spoke to knew. Not a good sign.

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