latest conference call - any thoughts? this stock continues to fly under the radar, trading below book value. Understandable given the political risk and lack of diversification, however, there are other green companies out there that are -- IMO -- just as speculative and yet not paying a dividend, but seemingly receiving more attention from analysts and commanding higher trading multiples. Any theories why PIF is relatively overlooked? Is management not credible for some reason?
The attributes for PIF haven't changed much in a couple of years, but I found this last earnings call fairly transparent regarding potential projects, acquisitions, timing and dividend increases. For that reason, I'm getting interested in them again. I'm particularly hopeful that they'll diversify not just into wind/solar, but also possibly biomass or RNG (renewable natural gas). The former is a definite possibility according CEO in a previous Q&A, but I don't know about the RNG.
I also really like that they hope to incur lower debt multiples than is typical in their industry. Even when interest rates are stable, I like this philosophy, let alone during the unpredictable near term. I also like that they are being cautious about dividend hikes. Diversification should take precedence.
There are some thoughts. HOpe to hear from others.