May. 29 at 12:53 PM
$KNOP EBITDA of
$56.5 million Q1, if annualized,
$225 million. Interest expense
$14 m Q1 or
$56M annualized (but will be declining). 34 million units/shares outstanding. Would expect next dividend bump easily to
$1 annual? Would still have better coverage in history of company. Remember original intention? Financing the drop down of existing ships from Knudson and paying out net cash flow to unit holders after interest and operating expenses?
$2 per share shouldn't be that big of a stretch. If it does NOT happen, the BO would be back on....they mucked that up by getting too greedy or scared of risks, or both.
