Q: What do you think of this company for a income investor and their latest quarter.
5i Research Answer:
MKP is relatively small, and cheap at 11x earnings, and the stock has done well. There are risks, (size), competition and economic, and interest rates. But it has a decent history, and for higher-risk income we think it is decent enough. In the Q4 EPS was 44c, missing estimates of 48c; revenue of $56.6M nicely beat estimates. EPS doubled year over year. The dividend was increased by 5%. Assets increased nicely, offset somewhat by lower rates. But all in it was a solid quarter despite the 'miss'. Only two analysts have estimates.