RE: what happened today? torontoguy,
Can you please give more details on DCI revenue drop 20% from a year ago? Thank you
I read the Q1, and saw revenue went up 100%. I have not looked at DCI for a long time, just bought yesterday for the dip as I thought it dropped for the wrong reasons, see my post on IV at https://premium.investorvillage.com/groups.asp?mb=6781&mn=75628&pt=msg&mid=12799465
DCI released Q1 yesterday and was hammered today, down 3.7%, yield 5.5%.
The Q1 result seem fine to me for EBITDA. Earning is a loss because of amortizaton, financing costs etc especially their acquisition in Australia.
5i Research:
May 15, 2013 (asked by Gary)
Question: Your thoughts please on DCI's earnings release and reason for 5.5% sell-off today? Thanks
5i Research Answer:
DirectCash's numbers were quite decent. Most financial metrics showed good gains, thanks to its acquisitions. Cash flow per share rose 19%, and the payout ratiio declined. We think investors were confused by the 'headline' loss per share, but the fundamentals of DCI remain solid.