- Earnings and Revenue have taken a hit. Their earnings, which is highly based on the valuation of their underlying assets were down 196 mil compare to positive 118 mil a year ago.
- We should be expecting more downside in the current deflationary cycle.
- Operating Cashflow is down to 96mil but they are operating in the kind of business that they will at least have cashflow since their business is suppose to be the staples of the economy.
- In terms of debt, on a corporate level, they are selling some assets and using excess cashflow to pay off debts on the corporate level. Their short term debt have turned long term but debt over asset at corporate level is managable.
Macquarie Released their results and as expected it is a bad year for MIIF.
Here is what i inputed and gotten from my Dividend Stock Tracker: