TSX:YInteractive Media and Services
Yellow Pages (TSX:Y) Stock Income Appeal Meets A Shrinking Revenue Base
Yellow Pages stock came into this earnings release quietly ahead, with a 30 day gain of about 3.5%, and now sits near CA$13.20. The market has treated this as a steady income story, but the headline from the numbers is different. Q2 revenue is CA$47.6m, while net income is CA$3.3m and basic earnings per share are CA$0.25. The board has supported that with a CA$0.25 dividend and a CA$25.3m buyback. The short term story is focused on how long that level of cash return can be sustained.
Love the...