Q: This company if you takeaway the pandemic crash is at 5 year low,would you consider this a good entry point and also how safe is the dividend for a 1-2 year hold do you think it can get back to $1.20-1.40 range…Thanks
5i Research Answer:
TWM has a high debt level, at nearly 4X cash flow. The dividend was suspended in December, so that answers its safety question. The last quarter missed estimates (it reports this week). It did sell an asset (closed December) so the balance sheet has improved a lot. But revenue has been declining and it has a history of highly volatile results. With its size and negative momentum, it is hard to get too interested here despite the low price.