National CineMedia, Inc. (NCMI) Social Stream
Featured Post From StockTwits About NCMI
$NCMI is my first position for my 2021 Divi portfolio. I waited for a good entry point.gaineous, published October 21, 2020
NCMI may seem like a bad choice to most, but this is why I chose it; Divi + return to growth potential. I’ve been waiting for a good cost basis (low risk/high reward), & w/a 13.1% yld at a $2.13 cost basis, that’s a risk I’m willing to take.
“We currently have a cash balance of $168.7 million and $13.2 million receivable balance at our operating company, NCM LLC.
This strong liquidity position, combined with the reduction of our monthly operating expenses, debt service costs and nominal capital expenditures to $9 million to $9.5 million before any benefit from our digital revenue provides enough cash to operate for approximately 18 months even if the theaters remained closed.
We also currently have $68.5 million of cash at NCM Inc., the public company that could fund our current dividend level of $0.07 per share for another 3 years, even with no additional cash distribution from NCM LLC.”