BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

NYSE:BFK - Post by User

BLACKROCK Municipal Income TRUST > HEXO CORP

<< Previous

Bullboard Posts

Next >>

Comment by Zaybureon Sep 09, 2021 9:54am

100 Views

Post# 33830600

RE:RE:RE:RE:RE:RE:RE:HEXO CORP

Don't know where you got those numbers. Here's what I found...

Constellation	Brands
PS	Shares (M)	MC (M)	Sales (M)
216.97	168.20	36,494.35	9,355.70

Factor (x sales)	43.12
EBITDA (M)	3,222.40

The big difference is in the last line. You have a company in Constellation Brands free of debt, Hexo isn't in that category.

LINK: https://money.tmx.com/en/quote/STZ:US/financials-filings

Touran77 wrote:

Let's take Constellations.
Similar sector, similar vice :p.
1.25B a quarter, resulting in 5B a year of sales.
Market cap of 40B or 8 times yearly sales.

Even if I am conservative and say 25M Hexo, 25 Redecan, 10 Zena and 3 48N a quarter, this is 63M a quarter resulting in 252M a year.

252 times 8 (PS ratio from constellation) is around 2B.
Hexo with 270M shares (post Redecan acquisition and last dilution) at 3 CAD is 810M in market cap.

What I am seeing here is that even if sector correct to be similar as other sectors (alcohol in this case), Hexo would not decrease. Yes Canopy and Tilray might, but where is the risk in owning Hexo when looking at this calculation?
This calculation is super conservative, no increase in Canada or anywhere.

If I'm missing anything, please share my friend.

Tonto