Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (71471)	10/29/2022 5:04:51 PM
From: Paul Senior	1 Recommendation Recommended By E_K_S Read Replies (3) \| Respond to of 78728

re: TiO2. My pick is TROX. Doesn't have the good dividend yield of KRO. More vertically integrated though with its mines. I do like that. I've added to my position as you have with KRO. Both stocks down, KRO more so (five year review), so maybe it also has more room for an upside, if when TiO2 demand resumes.

To: E_K_S who wrote (71471)	4/3/2024 6:08:40 PM
From: Steve Felix	Read Replies (1) \| Respond to of 78728

Curious of your thoughts on CNXC now that it has fallen. My wag is that the market doesn't like their debt bwdik. Just under 5 pe on their low earnings estimate of $11.69. Seems overdone if they can follow through on their plans. A few notes from their last call: ( Turning to the balance sheet. At the end of the first quarter, cash and cash equivalents were $235 million and total debt was $5.037 billion. Net debt was $4.802 million at the end of the first quarter. Net leverage stood at 3.0x pro forma adjusted EBITDA at quarter end. With the seasonal pattern of strong free cash flow expected in Q2 and expected to continue for the balance of the year, we plan to achieve a meaningful reduction of net debt and net leverage beginning in the second quarter and continuing through the end of 2024. We're committed to our plan to reduce net leverage to close to 2x adjusted EBITDA within 2 years of the close of the Webhelp combination. ) I've had plenty of egg on my face too: ( During the first quarter, we repurchased approximately 240,000 shares of our stock for approximately $22 million at an average price of approximately $90 per share Given our confidence in our outlook and our future prospects, we are committed to making $100 million in share repurchases between March 1, 2024, and the end of our fiscal year, approximately doubling the capital return through share repurchases from the prior year. This will not stop us from rapidly reducing leverage over the balance of 2024 as we committed when completed the Webhelp transaction. Our non-GAAP EPS expectations for the full year remain in a range of $11.69 per share to $12.50 per share. In terms of cash flow, we expect adjusted free cash flow of $700 million in 2024, inclusive of acquisition and integration costs. This assumes no change to the amount of factored accounts receivable from the beginning of the year. This will position us to further reduce our net leverage to approximately 2.5x adjusted EBITDA by year-end, while committing to the enhanced share repurchase activity Chris mentioned earlier. Our business outlook and cash flow expectations did not include any future acquisitions or impacts from future foreign currency fluctuations. )