earnings are coming out for some companies I own and mentioned in the past so would like to do an update on most of them,....well a few.
SLF
earnings came in for the Quarter at .94 up from .83/share last year. last years earnings came in at 3.58 this year should be 3.90-4
the company announced a 7.5% increase to it dividends (always like increase to divdends every year or two). pay out ratio will be in the 30-40% range. also share buybacks will average $500 million a year.
company should be able to grow 10% a year.
positives MFS reported strong earnings (of coarse zero is an easy number to beat.)
the US mutual fund arm has cut costs and sales have improved.
the company has some challenges such as slow growth in their US and cdn. divisions.
companies growth in India and China appears to be going well, small part of the business however growing quickly. Much larger in India than China.
another cdn. insurance company that also trades in the US MFC is larger in China than SLF.
company yields over 2.5% and trades around 13X earnings.
SLF gets no respect, when they announced the results most commented that the surprise came from MFS that they wanted to sell. SLF wanted to merge MFS with a bigger US mutual fund company and take a large ownership position. this did not materialize. instead SLF cut costs and decided it was better to keep the company.
SLF gets no respect.
speaking of no respect teck TCK.b (on Toronto) reported another great quarter.
the base metal miner reported quarterly rev. of 2.09 billion up from 1.34 billion a year ago.
earnings 3.98/share compared to 2.35 last year quarter.
they mine copper, zinc, molybenum, also gold, and nickel.
they plan to buy up to 10% of their stock back 1.6 billion 20 million shares.
they have over 5.3 billion in cash.
also plan 2-1 stock split.
some people have compared these base metal companies to the tech boom of the 90s.
the little difference is not many tech then or now traded below 8X earnings, generating billions in cash.
note: own SLF
have sold 76 puts on tck.b, also own large postion in tck.b
on half of the positons sold covered calls, (though wish did not do that today, limited upside on half of the positon.)
thanks
selkirk
SLF
earnings came in for the Quarter at .94 up from .83/share last year. last years earnings came in at 3.58 this year should be 3.90-4
the company announced a 7.5% increase to it dividends (always like increase to divdends every year or two). pay out ratio will be in the 30-40% range. also share buybacks will average $500 million a year.
company should be able to grow 10% a year.
positives MFS reported strong earnings (of coarse zero is an easy number to beat.)
the US mutual fund arm has cut costs and sales have improved.
the company has some challenges such as slow growth in their US and cdn. divisions.
companies growth in India and China appears to be going well, small part of the business however growing quickly. Much larger in India than China.
another cdn. insurance company that also trades in the US MFC is larger in China than SLF.
company yields over 2.5% and trades around 13X earnings.
SLF gets no respect, when they announced the results most commented that the surprise came from MFS that they wanted to sell. SLF wanted to merge MFS with a bigger US mutual fund company and take a large ownership position. this did not materialize. instead SLF cut costs and decided it was better to keep the company.
SLF gets no respect.
speaking of no respect teck TCK.b (on Toronto) reported another great quarter.
the base metal miner reported quarterly rev. of 2.09 billion up from 1.34 billion a year ago.
earnings 3.98/share compared to 2.35 last year quarter.
they mine copper, zinc, molybenum, also gold, and nickel.
they plan to buy up to 10% of their stock back 1.6 billion 20 million shares.
they have over 5.3 billion in cash.
also plan 2-1 stock split.
some people have compared these base metal companies to the tech boom of the 90s.
the little difference is not many tech then or now traded below 8X earnings, generating billions in cash.
note: own SLF
have sold 76 puts on tck.b, also own large postion in tck.b
on half of the positons sold covered calls, (though wish did not do that today, limited upside on half of the positon.)
thanks
selkirk
