RE:RE:Please Excuse MeThese numebrs are spot on.
There's no substitute for reading the annual reports. My take is stock pikcing is a mug's game, esp if you're coming in blind. In that case Vangaurd ETFs with fees of 0.1% or 0.05% are where you want to be.
In this case this is a solid equity that will make you some money, but be mindful it takes a lot of due dilligence. I'm just trying to find deep value plays that are high probabilities. Nothing is certain so I just need to win 70% of the time to come out way ahead.
Why will this likely go up?
1) Industry valuation multiples are artiifcally low wrt the rest of the economy.
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/vebitda.html Google EV/EBITDA as the best way to do this analysis.
2) This is a huge discount to book value
3) It is a huge discount to sum of parts value
4) Earnings are up and trend it positive
5) Low baseline due to poor mgmt and near miss
6) Balance sheet / capital structure transformitive change is right around the corner with these earnings
7) Wider tent coming, eventually, with a utility based div payout which is key. I read today Powell at the US Fed will keep rates at 0 for 5 more years. The CFF div could be and should be 25%.