Q: Please comment on co. and latest Q results.Buy,Sell or Hold.If sell,please provide 2 or 3 replacements.Txs for U usual great services & views
5i Research Answer:
Adjusted loss was $1.2M or 8c per share, compared to last year's loss of $0.413M and 3c per share. Higher commission expenses and higher operating costs hurt results. Taxes were also higher. Revenue fell to $98.5M from $101.5M. The stock is up 6% YTD. Considering the weak real estate market, performance has been OK. With its high dividend, we would be OK holding the stock and awaiting a sector recovery. Cyclical stocks have started to move again. We would consider it higher-risk income, however.