Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (28910)	11/10/2007 2:20:21 AM
From: Spekulatius	Read Replies (2) of 78669

HTE - looks like they are distributing 85% of their cash flow. That means there is not enough left to reinvest in their business to keep it sustainable - they are going to issue shares effectively to pay those dividends or take on more debt. Also please not that they only ear 8c/share while distributing 1.14$/share. Trusts are not REIT trust where the depreciation is a phantom expense in the sense that in many cases the buildings appreciate in value over time despite the fact that they can be depreciated on the balance sheet. Oil that is pumped need to be replaced to make revenues in the future and refineries need a lot of Capex (in the order of the depreciation) to keep them competitive.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next