Spectra offers a discounted valuation and a rich 4.5% distribution yield. Trading at an enterprise value to expected 2015 EBITDA ratio of 9.1, Spectra is one of the cheapest natural gas MLPs, and with debt to market capitalization of 20%, it is also among the least leveraged.
The distribution has risen in each of the past 30 quarters, and is expected to grow 10% this year on a per-unit basis. At the current rate of $0.60 per quarter, that’s good for a 6.4% yield at today’s prices. Distributions are amply covered by $4.33 per unit in cash from operations over the past 12 months.
Valuation suggests upside. Spectra trades at a price-sales ratio 26% below its five-year average, and revenue is expected to rise 8.6% to $2.5 billion this year.
I can't believe that this Stock is currently selling at this "FIRE SALE" price.Apparently those boy's on the street don't understand,that as long as we get these Sub zero Winters that are affecting 50% of the US,SE is making profit's that will continue to lift the bottom line.Those environmentalist WACKO'S that predict the melting of the Polar ice,will be freezing their butt's off in the coming year's.Disgree if you must,but I say we are heading back into the Ice age.Only time will tell.PS:Heard Niagara Fall's is froze over.
All of a sudden CYTX is calling a presentation for investors.??????.Either we have a Partnership or we are being bought out.Maybe,just maybe that is why the two director;s were buying the stock in open market..I really have a good feeling about this Dec 4th upcoming event.PLEASE GIVE US GOOD NEWS.
Yea. It's about time.These so-called directors have been sitting on their butt;s for the past 5 yrs doing nothing.This is the first time any of them have bought stock in the open market.
With the Polar Vortex returning,it will be difficult for some area;s of our country to keep warm during these extreme cold times.That is what we do.We build pipelines to these area's to see that they have enough LNG to make it through the winter month's.Some of you constantly are saying,we are nothing but a pipeline building company.WE STORE OIL!!!!.Yes there is a GLUT of oil at this time,and nowhere to store it.That is why the price of a gallon of gas is now down to 2.73 That is why the Camel heads over in the middle east are really worried.They know if the KEYSTONE PIPELINE starts up they will loose $$$.Also,Mr Warren Buffett has done everything in his power to keep the Keystone from starting up.His rail line BNSF will loose 2 billion dollars if Keystone starts up.That's why he threw all those FUNDRAISERS for the Democrat's and helped support the Jackass in the White House.It's all about money .Billion's of dollars are at stake.
HE's steadily maintained 5% dividend has kept the stock overvalued in the face of declining fundamentals as investors chase yield without paying close attention to significant earnings and balance sheet red flags.
HE's current valuation of ~$25/share implies that the company will grow NOPAT by 6% compounded annually for 12 years. Remember, this is a company with less than 1% NOPAT growth in the last 11 years. Official estimates have the state's GDP growing at less than 2% a year going forward, so 6% NOPAT growth seems unrealistic.
Even if HE can fight off competition from solar and grow along with the state, 2% NOPAT growth for the next 15 years only yields a fair value of ~$14/share.
As long as HE can support its 5% dividend, it will likely avoid a significant decline in its stock price, but that dividend could be in trouble before too long. With $2.5 billion in debt, underfund pensions, and deferred tax liabilities, HE can't keep supporting its dividend through swelling debt, deposit liabilities and questionable pension accounting. Meanwhile, the company's already negative free cash flow should decline even further as it has to decide between an expensive investment in renewable energy or a potential hit to its revenues as solar provides an increasing share of Hawaii's energy. Either way, profits and cash flows look to decline significantly
Read more: http://www.minyanville.com/trading-and-investing/stocks/articles/Danger-Zone-Hawaiian-Electric-Company-HE/7/22/2014/id/55584#ixzz3HslEVhfM
I;m still here.Been waiting since 2009.Just sittin on the sidelines ,waiting for a MIRACLE.
And this is the "Main Reason" I'm standing pat.No sale here.Good company & management.There are very few companies,that make their Qtr's to the upside.Especially in this past 6 yrs of TOTAL #$%$ out of the White house.Stand with me on the sideline.BETTER DAY'S ARE COMING.
SE was up 0.23 percent yesterday to close at $42.66, just off its all-time high of $42.72 reached on July 1. The oil and natural-gas pipeline company reports second-quarter results on the morning of Aug. 6.
Total option volume in Spectra topped 19,000 yesterday, 14 times its daily average for the last month. Only 235 of those contracts were puts, a reflection of the session's bullish sentiment.
Nice "BIG BIDS" and volumn starting to head North fast.When your talking about a 100 + Million deal with Federal Government,that should catch a lot of attention.