Anybody read the 2015 first half financial statement.??? Revenue increase $21M however, loses were $26M. That sounds like a loosing proposition to me. part of the loses were from "non-cash equity based compensation" ominous sign to me. They keep touting the revenue side however, their expenses are exceeding their revenues. Cogent comments are appreciated. Don't kill the messenger))))
At 15% dist. if one compares it with other MLP's paying 15% those others are almost gong bankrupt They have very high Debt to EBITDA. in the order of 6 or 7. SXCP has a 3. also they show increasing eps, ebitda, etc. Its definitely mispriced. at $16.4+.
I agree, the hedge funds got tired of waiting around for this to turn around. I'm willing to wait at 15% tax free distribution. Only a matter of time
Don't forget, almost 50% o SFL income comes from off shore rigs and support vessels. Not a good business to be in these days. IMO.
They paid 6.9 x EBITDA, thats the low end of acquisitions. sounds like a cheap price to me. plus its immediately accretive. Thats what makes a market, buyers and sellers. I'm buying more at these levels
INSANE pricing. Here's a MLP stock with a CAGR of 38%, ZERO debt, a dist. coverage ration of 1.3. associated with a major oil co. I'm gobbling up shares at these insane levels
The market will fluctuate. It may be that it has that coal handling/blending facility that because of coal's demise they can't get rid of. Meanwhile its 5% of Revenue. Their coke business is doing well and increasing EBITDA even with a slight decline in production Seems to be a well run co. I'm hanging in.