OTCPK:MAUXF - Post by User
Post by
themangokidon Aug 08, 2012 9:24pm
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Post# 20196655
whats a realistic amount ...
whats a realistic amount ... ...to expect for mart to earn this year and next? Just started doing some reading on this name a few days ago and starting to form some of my own opinions but wouldn't mind hearing what others have to say.
I know in Q1 they earned 11 cents a share. If they earn 30 cents for the year (just a number I'm using for the sake of argument) that would give mmt a p/e ratio of 5.6. Also using the 30 cents figure, that would mean mart is covering its dividend entirely out of earnings. Most canadian oil/gas div payers pay their dividends out of their cashflow, not their earnings. that would mean mart's dividend would be of a higher quality, more secure, and probably closer to a dividend increase if the cash continues to pile up and the debt remains now.
still lots to learn here but so far, from what I have read, lots to like too.