GREY:ALARF - Post by User
Post by
OceanRanger1on Nov 06, 2018 1:28pm
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Post# 28931869
Quarterly results were decent
Quarterly results were decentFirst time posting to this board.
Listened in on conference call and just spoke with Kurtis Krawetz.
Management is really scratching their heads on this selloff as am I.
In my opinion overall results were neutral at worst - I thought we would see a gain today.
Many strong positives as ceo stated that there were further deployments imminent in Q4 and Q1.
Dividend is safe with dividend increase possible depending on strength of new deployments.
Analysts focused attention on the few under-performing partners when most are performing strongly with multiple positive collar resets coming in January.
Q3 numbers barely had any contribution from new BCC deployment - Q4 guided to $24m revenue, not including any new deployments, which includes full quarter from BCC.
Q1 2019 revenues expected to be stronger again with resets and new capital deployments imminent.
Capital recovery on written off investments seems to be heading for a positive conclusion - bonus revenues!!
The one underperforming partner has a balance sheet with no debt and 2 years worth of Alaris payments in cash.
Not sure what is driving the selloff but definately an irrational market reaction that is completely unwarranted.
Possibly a short attack??
Who knows but I believe that the share price will recover quickly.
I have no dry powder so unable to take advantage of this share sale.
Dividend is safe so happy to continue clipping a very nice coupon every month.
Management is solid.
Long Alaris!!
OceanRanger