Q: Peter and His Wonder Team
BDI just reported good Q3 results and I think raised the dividend. What do you think of it going forward? Is it a good time to sell or does it deserve to be held for another quarter or two..I am in the black! Thanks...your objective perspective is always helpful in my decision making.
BDI just reported good Q3 results and I think raised the dividend. What do you think of it going forward? Is it a good time to sell or does it deserve to be held for another quarter or two..I am in the black! Thanks...your objective perspective is always helpful in my decision making.
5i Research Answer:
The dividend was raised 50%, but we would noted even with the increase the dividend is still below levels of 2015/2016. The Q3 was certainly solid, with EPS of 22c beating estimates of 12c. Revenue of $117M was 24% better than estimates. EBITDA of $36.6M was 40% better. Revenue rose 23%. EBITDA rose 41%. Debt declined a bit, but remains on the high side at slightly more than 2X cash flow. The stock has done well, and the quarter we think was good enough to keep it held.