Q: Hi there,
Your thoughts on the most recent quarter please. I am down considerably. Should I just pack it in?
Thanks.
Your thoughts on the most recent quarter please. I am down considerably. Should I just pack it in?
Thanks.
5i Research Answer:
NWH cut its distribution a year ago, and units are down 21% since then. Cash flow per unit was 9c, missing estimates of 10.8c; revenue of $119M beat estimates of $115.6M. EBITDA of $90.5M beat estimates by 10%. Cash flow fell 0.5%. Payout ratio was 105%. Still very bad but it was 153% last year before the cut. The stock is cheap, but growth is still expected to be low. We cannot get personal but we would not miss this if it was sold.