Q: Questions on KBL:
Can you please comment on:
- Balance sheet quality
- Management
- Current valuation relative to its history
Considering its 12-year dividend-raising drought, is there a history of companies going long periods without raising before resuming once again. Wondering if there is any hope.
A somewhat related question.......
KBL is rated B+ in your reports. Does your rating system take into account any risk profile? For instance, I believe PRL is also rated B+. So from an overall risk standpoint, would you see these two companies at roughly a similar level of risk?
Can you please comment on:
- Balance sheet quality
- Management
- Current valuation relative to its history
Considering its 12-year dividend-raising drought, is there a history of companies going long periods without raising before resuming once again. Wondering if there is any hope.
A somewhat related question.......
KBL is rated B+ in your reports. Does your rating system take into account any risk profile? For instance, I believe PRL is also rated B+. So from an overall risk standpoint, would you see these two companies at roughly a similar level of risk?
5i Research Answer:
KBL has recently grown its equity position in recent quarters, and it has a fairly leveraged...