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.
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 -)))