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Sisecam Resources LP Unit (SIRE)

NYSE
Currency in USD
Disclaimer
25.33
0.00(0.00%)
Closed

SIRE Comments

If 2021 full year earnings = $20m and the company maintains this $0.65 quarterly dividend policy, we have that it is going to deliver $52m and its payout ratio is going to be 260%. Unsustainable for the future. Even though its revenues are increasing quarter to quarter since 2020Q2, I expect annual earnings will not exceed $40m until 2023 although if 2022Q1 turns out to be a good quarter (>$10m), I expect CINR to continue its upward trend. In the meantime, avoid.
No one carefully look at this stock…? Soda ash prices soar and break new record high everyday, and this stock only focus on that. It's interesting that no one is interested.
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