owned by some of the best accounting minds, very cheap, cleaned up business, multiple new contracts, changing energy environment requires multiple industrial reconfigurations, insider buying, and holding up extremely well, like owner BRKB, on bad market day and during energy weakness.
This a bear market for so many stocks...traders turning their backs on big yields and cheap stocks all over the place...no wonder BRK near range where WB has said he will retire shares with his CF hose
What multiple is paid on growing free cash flow that is high grade and not cyclical....maybe 20x. No more threat of losing the div investor and RK has option to buy back shares if undervalued once the debt is down some. Much more Berkshire like wealth builder. There isn't much of a bear case left and the stock is stupid cheap.
Stock is grossly undervalued, don't be fooled by wall street. Listen to discussion of DCF and stocks true fair value. This is one of the the very best lg cap energy plays around with giant inside ownership and way too cheap
hit by etf action, higher rates, lower oil, neg momo, tax loss selling, etc. BUT these will end soon and the cash flow yield is very hi relative to the market so who cares how the dividend might be adjusted in the near-term. Between div and appreciation this thing at least a 4 bagger over couple of years
Next year's book value x 1.2 where cash flow hose prob buying in shares is nicely higher than here..thanks to repeated bear and trader raids on the market by characters like carter worth, etc.etc. stock market reminds of the out-of-control assault rifle situation we have in US. Buy backs seem like only way companies can hold their share price near fair value for many stocks...neverminding claims of financial engineering by bears.
CODI downgrade, apparently on technicals, seems strange to me in that stock was extremely resilient on market late summer crash exhibiting great stability and since: strong results, sinsider buying, bright prospects in a yield starved enironment
Maybe less worried than any other time last few years with CF, see CF as perhaps an upside powder keg vs small downside. Would be quite worried if short. The price here seems irrational.