Saturday, November 28, 2015 11:03:52 AM
Rare Earnings Power
http://seekingalpha.com/article/3689596-mid-con-energy-partners-annual-distributable-cash-flow-is-80-percent-of-market-cap
"DCF for the quarter came in at $12.43 million or $49.72 million annualized. At $2.10 per share and 29.73 million shares outstanding, MCEP has a market capitalization of $62.4 million. Extrapolating Q3's results, MCEP is generating 79.6% of its entire market cap in distributable cash flow annually. Whether the money goes into shareholders' pockets or MCEP's does not technically matter. This kind of earnings power relative to a firm's market value is exceedingly rare but becoming more common in the upstream MLP space as share prices continue their march deeper into the lower single digits."
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM