GREY:ALARF - Post by User
Comment by
borne2runon May 07, 2019 12:23pm
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Post# 29720104
RE:RE:Q1 highlights
RE:RE:Q1 highlightsConference Call Update: Proposed tax reform would only increase taxes by approx $3.5 million annually. Q1 estimate was artificially high due to some one-time items. Management also indicated that they can re-structure some of their loans so as not to incur the full hit. Best guesstimate was someweher in the middle (i.e. tax hike of $1.8 million).
Goal over the next year or two is to reduce the payout ratio to 80% or even lower. So, no dividend increases in the near future. Good discussion of their royalty partners. I encourage all shareholders to listen to the call.