07-25-2015, 07:55 AM
(This post was last modified: 07-25-2015, 08:07 AM by Dividend Watcher.)
Since words (above) didn't do it for me and I only glanced at the quarterly report, I had to go back and look closer ...
As of 3/31/2105 (latest quarterly posted)
Current Ratio: 4.0
Cash & Equivalents: $719M vs. $361M six months ago
Net increase in cash & equivalents: $358M
Revenues: $883M vs. $893M in 2014 (down 1.1%)
Operating income: $227M vs. $255M in 2014 (down 11%)
Payout Ratio (per share): 50%
All Debt/Equity: 11.4%
All Debt/Cash & Equivalents: 80% (they can pay off ALL their debt with cash)
The 3rd quarter 2015 (6/31) results could be worse but still. Do these look like the company is ready to cut the dividend or fall apart? If I had any cash left, I'd be starting to average down here. Instead, I jumped the gun a few months ago. I'll just have to reinvest and watch from the sidelines. The >4% yield helps.
It may be painful to watch for the next year or so but patience will win out I'm guessing. It's only a loss if you sell at these prices.
As of 3/31/2105 (latest quarterly posted)
Current Ratio: 4.0
Cash & Equivalents: $719M vs. $361M six months ago
Net increase in cash & equivalents: $358M
Revenues: $883M vs. $893M in 2014 (down 1.1%)
Operating income: $227M vs. $255M in 2014 (down 11%)
Payout Ratio (per share): 50%
All Debt/Equity: 11.4%
All Debt/Cash & Equivalents: 80% (they can pay off ALL their debt with cash)
The 3rd quarter 2015 (6/31) results could be worse but still. Do these look like the company is ready to cut the dividend or fall apart? If I had any cash left, I'd be starting to average down here. Instead, I jumped the gun a few months ago. I'll just have to reinvest and watch from the sidelines. The >4% yield helps.
It may be painful to watch for the next year or so but patience will win out I'm guessing. It's only a loss if you sell at these prices.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan