Infrastructure spending -- Excellent news for Veolia.
banks will cut credit facility to these oil companies and will cause them to default. that is the only way to reduce oil supply. they will then takeover the assets, re-market it, and sell it for a gain. in the end common stockholders will bear the loss.
Interest expense and dividend payment exceed cash flow from Ops. Why would anyone pay more than what the company is paying on common stock dividends? This company is a scam.
Dividend looks unsustainable. I am surprised management has not completely cut dividends entirely given that their borrowing base is expected to be reduced and EBITA is projected to fall. This is a sub $5 stock. Don't be fooled by the dividend yield. More dilution coming...
Sentiment: Strong Sell
Expecting headwinds in the coming months due to rising interest rate expectations. High inventories may become a liability. Also think Yahoo's F/Pe may be too optimistic as it's 2016 earnings forecast of $1.42 assumes a profit margin of 4%.