Recent

% | $
Quotes you view appear here for quick access.

Novation Companies, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • Carlo_Ponzi Carlo_Ponzi Dec 22, 2004 9:47 PM Flag

    Deleted Message

    Got head out for the holidays but here are the rough numbers for this year from memory.

    TI (from the trusty TI calculator at nfi-info.net) ~$9. NFI is required to pay out 90%, or $8.10. NFI will report GAAP earnings of say $4.25 this year.

    So you can see that the current pay outs on the stock doesn't reflect economic reality. Even if you just use the $6.50 or so that they have actually paid, NFI has to find the $2+ from other sources to pay the divvy, $4 if you use the required pay out.