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Exchange Income Corp T.EIF

Alternate Symbol(s):  EIFZF | T.EIF.DB.J | T.EIF.DB.L | T.EIF.DB.M | T.EIF.DB.K

Industrials Airlines
Exchange Income Corporation is a Canada-based diversified acquisition-oriented company. The Company operates through two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment is comprised of three lines of business: Essential Air Services, Aerospace, and Aircraft Sales & Leasing. Its Essential Air Services includes both fixed wing and rotary wing operations. Aerospace includes its vertically integrated aerospace offerings that provide customized and integrated special mission aircraft solutions primarily to governments across the globe. Aircraft Sales & Leasing includes aftermarket aircraft, engine and parts sales and aircraft and engine leasing, along with aircraft management services. The Manufacturing segment is comprised of three lines of business: Environmental Access Solutions, Multi-Storey Window Solutions and Precision Manufacturing & Engineering. The Company also focuses on portable hydronic (glycol-based) climate-controlled equipment.


TSX:EIF - Post by User

Exchange Income Corp
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(16)
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Comment by borne2runon Jul 06, 2017 3:10pm
215 Views
Post# 26441359

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:what is going on

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:what is going onMD, my analysis was a one year comparison - audited annual statements.
Dec 31 2016 vs Dec 31 2015

I lumped Intangibles and Goodwill together.  Intangibles decreased by 5.5 million but Goodwill increased by 13.8 million. Total increase > $8 million.  So, on a fist pass high level analysis, EIF barely covered the 2017 dividend with their profits. In 2017, I expect that the annual profit will not cover the dividends. 

I learned my financial statement analysis a long time ago from a professor who was a forensic accountant.  His firm was often called in to investigate companies with fraudulent financials.  And NO, I am not suggesting anything nefarious with EIF's financials;  just pointing out that I learned where to look to determine whether or not a company is trying to paint a rosy scenario or hide something unfavourable.



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