Q: According to the files, the last mention of sxp was November, they recently announced financials. A more current response would be great. Maybe you haven’t changed your opinion and have no replacement idea???
Thanks
Thanks
5i Research Answer:
EPS of 9c missed estimates of 17.5c; revenue of $72M missed estimates by 2%. EBITDA missed by 11%. SXP is down significantly over the last twelve months by ~42% and recent earnings pointed towards declining profits and revenues. Revenue fell $6M. Earnings and EBITDA margins also fell. It did increase its dividend by 14%. We do not see much need to hold it as results are declining, debt is high and size is small at $100.51M. We think DRX could be a small cap replacement.