Re: KMG, yeah, I agree. Somethings wrong with the earnings. It's not the 7.16 that's posted, just doesn't add up with the quarterly reports. It may be a one time gain. I've noticed that sometimes the reports only count earnings on operations in the quarterly figures, and exclude one time gains from sale of assets, etc. That may be why the discrepancy is showing up, two ways of counting. On the dividend, I think that's correct, equals 1.80 year. May be a squeeze to make it, although the present projections do not include the production results from the merger with ORYX, which, IF the numbers are correct will increase the capitalization of KMG by around 80% (rough). Oryx's ratio of assets to price is very high, but so is their debt, while KMG is pretty conservatively managed, until now. A bold move by KMG, remains to be seen how it will work out, certainly needs a rise in prices to be really successful, but that's what we're all betting on anyway. Still think I like KMG, but not as much. Appreciate you guys helping out.
Mike from La. |
