Q: Have the recent year end results and recent addition of Hammerhead to CPG changed your outlook of this stock going forward?
Thank you Gordo
Thank you Gordo
5i Research Answer:
Results were fine and better than expected. The dividend was raised 15%. Both items are positive, certainly. Debt doubled last year, and while not at a problematic level, the company has in the past ramped up debt. At only 6X earnings we are becoming more comfortable here, as long as the company behaves itself and is better disciplined with debt and acquisitions.