Q: Can you please review their recent financials and suggest if the dividend looks safe or a cut may be coming ?
If you already have a small (1/3) position would you add more ?
If you already have a small (1/3) position would you add more ?
5i Research Answer:
NXR does not report until March 14. Last quarter, cash flow of 20c per unit beat estimates of 19c; revenue of $76M beat estimates. 12-month payout ratio is 78%. The stock is cheap, but there is size risk here and we would not add at this time.