Pivot Technology Solutions Inc. T.PTG

Technology

"Pivot Technology Solutions Inc offers IT solutions to businesses, government, education, and healthcare organizations. It operates through the following segments: ACS, ARC, ProSys, Sigma, TeraMach, Shared services. The company derives the maximum revenue from the ProSys segment which sells storage, server, and IT infrastructure consulting solutions to enterprises. Geographically, it derives majority revenue from the United States and also has a presence in other countries."

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Pivot Technology Solutions Inc. > What's the true yield?

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Comment by lscfaon Jan 20, 2020 6:55pm

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Post# 30575383

RE:RE:RE:What's the true yield?

also, consider cash flows from operations if Smart Edge costs and restructure costs are backed out....

$US	2019 (9 mo)	2018	2017
Cfo	10,083	9,235	12,071
Smart Edge costs	4,915	6,000	3,000
Restructure costs	3,589	2,846	1,989
Adj. CFO	18,587	18,081	17,060

lscfa wrote: Dividend is not excessive....

$US

2019 (9 mo)

2018

2017

2016

Cfo

10,083

9,235

12,071

12,228

Adj. ebitda

19,333

15,539

24,118

25,348

Divs paid

3,582

4,900

4,973

4,795

SH repurchases

0

1,428

2,053

1,892

Div / ebitda

19%

32%

21%

19%

Div / cfo

36%

53%

41%

39%

janeintoronto wrote: For a tech stock, I'd expect a lot lower yield, but I think Pivot's high yield reflects wariness. The co has high sales but very low income, and the strategy of acquiring a lot of companies did not always work.
For a while, they went on and on lamenting the low stock price (while they should have been running the company). The CFO decided to start this excessive dividend to address this. Not too surprisingly, he departed soon after.
I think the company deeply regrets his having started this, but they don't want to cut the excessive dividend because cutting dividends never goes over well.