RE:RE:RE:Attractive yield and attractive payout ratioCapharnaum wrote: Stooge wrote: The attractive yield is based on today's reduced price but earnings from the past.
What are the earnings going to be in this coronavirus period?
What will the earnings be in the post-coronavirus quarters?
Considering the majority of Chorus revenues are of a relatively fixed nature, their earnings should be fine regardless, especially long term.
At worst, the payout ratio will increase for a quarter or two.
As to the "post-coronavirus", you'd have to explain what you imply there. As all other viruses (SRAS, H1N1), perturbations are of short term nature.
Perhaps this crisis will have no long lasting impact on earings but it might be otherwise. For instance, perhaps elderly wealthy people change the way they perceive cruises or more generally long haul flights.
Those of us who have been declaring CHR to be a bargain this last two days should re-examine their logic. The market has not agreed with them ... and I say it is the market that has got it right.