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.
Highest industry eps growth rate (starting from low base)
Coverting from selling to cable operator to broadcasting own shows.
49.9% acquisition of BBCA to acquire own factory to provide production capability
5 domestic channels
2 international channels
contracts with cable operators range from 3 to 10 year
HULU, NFLX contracts provide predictability of revenue stream
SXC had 1% production decrease and they talk about not being able to sell the coal side of the business. Not sure how that affects SXCP since they had a big increase in coke production (52%).. I think investors don't understand that SXC and SXCP are different entities. Or maybe I don't understand -)))
Stock is oversold chartwise, no fundament reason for the selloff. DCR of 1.2,, 20+% CAGR., 50% increase in Revenues for SXCP. Insane. I added more at $16.75. Its now paying about 15% safe distribution. INSANE. GLTA.
That IRS ruling , if it comes to pass, would be in 10 years. Plus Kinder Morgan recently converted from a mop to a c-corp withuot any disastrous effects. I couldn't find the SEC filing. Peace.
At one time, he was getting $1M per day in dividends. Not too shabby.