TSX:HOT.DB.V - Post by User
Comment by
borne2runon May 08, 2019 5:46pm
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Post# 29726286
RE:Quarter out
RE:Quarter outLooks like net debt increased by approx $10 million. That's 12 cents per share. So, when all cash costs are included, the payout ratio is more like 300%. Not sustainable in the long run.
Unit holders are effectively receiving a 4.5% earned distribution and an 8.5% return of capital.
With the units trading 17% below book value, there probably isn't much downside.
May even get a bump if the analysts give the quarter a thumbs up as the units are trading near the bottom of its range.
But a thumbs down could see the units testing the December bottom.