Q3 repost was.... OPAQUE?
Was the third quarter a good one, only so-so or a bad one?
In typical Brookfield fashion the report is opaque presenting lots of numbers that may paint a good or not so good picture.
Huge loss per share - bad
Write-off of this and that = bad
Huge increase in revenue = good at first sight but is it?
Cash provided from activities down = bad or is it?
Adjusted net earnings = bad
Free cash flow UP a bit = good
Dividend declared = tax advantaged yield of 9% = still very good
All in all I am not impressed but the increase in free cash flow and steady dividend will keep me happy for now.