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.