yeah nice result - good job to Management. Good to see SP finally go up too....
Profit/EBITDA growth comps will get harder going forwards, cause they had an easy comp. this 1/2 against the Get Busy development spending cash drag. Will get some tailwinds from that next 1/2 too (not a full 1/2 though - GetB spun-off early August - so only ~1 month impact - but then the spin-off costs would also apply) - but that's it. So in 1 year's time, they'll have to do growth the hard way. But seems like there're some green shoots there, so no worries.
I'm not one for predicting SP, but even with low growth and paying ~6cps divvy annually, I don't see why this shouldn't trade @ ~15 P/E? Assuming they can keep stepping growth up (which per Management outlook, they can) an even higher P/E would be warranted later. Anyway - nice 1/2!
RKN Price at posting:
$1.00 Sentiment: Buy Disclosure: Held
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