TSX:WRK.DB.K - Post by User
Post by
techguruon Aug 20, 2009 4:39pm
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Post# 16235787
Jumped in today
Jumped in todayHas been on my radar for long time due to high yield but waiting for some kind of break out and looks like we have one now. High yield which looks safe. Should be an easy double from these levels. Looking at q2 results if you take revenue back out G&A and payout to unitholders gives you an annualized number of 46 million for year or about $10 a unit. At $20 it is trading about 2 times a rough measure of EBITDA. Assuming no collapse in commercial market pricing looks awfully cheap all the way up to $40 where it is more reasonably priced but still on the cheap side even at $40.