Mart Resources Inc MAUXF

whats a realistic amount ...

[themangokid]

...to expect for mart to earn this year and next?  Just started doing some reading on this name a few days ago and starting to form some of my own opinions but wouldn't mind hearing what others have to say.

 

I know in Q1 they earned 11 cents a share.  If they earn 30 cents for the year (just a number I'm using for the sake of argument) that would give mmt a p/e ratio of 5.6.  Also using the 30 cents figure, that would mean mart is covering its dividend entirely out of earnings.  Most canadian oil/gas div payers pay their dividends out of their cashflow, not their earnings.  that would mean mart's dividend would be of a higher quality, more secure, and probably closer to a dividend increase if the cash continues to pile up and the debt remains now.

 

still lots to learn here but so far, from what I have read, lots to like too.

[AdamJT]

Ummm the fact that you compare earnings from Mart to cashflow from others makes no sense. Check out their cashflow they have more than enough. Also, the dividend is going to stradle the Fiscal year. For this year they will only be paying out 20 cents. The 10 cent special dividend and two quarters at 5 cents each. This leaves them ample cashflow. Plus not sure where you are pulling .30 for earnings

[themangokid]

thats exactly my point.  mart can cover their dividend out of their earnings while most oil/gas div payers can not do that and only pay out their div out of cashflow. 30 cents is just a number I used to be, what I think, is on the conservative side.