[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

Search:

View post   
>> No.54564403 [View]
File: 126 KB, 1218x904, 1680739203315146.png [View same] [iqdb] [saucenao] [google]
54564403

>>54564335
>>54564339
>>54564344
WING has a big problem, among a few other problems. They pay a huge portion of their Free Cash Flow out as dividends. Serial dividend overpayers.

Other big issue is that they admit in their own 10-K that they are a slave to the volatility of chicken wing prices. Meaning, they have huge COGS volatility. Uh oh. They are beneficiaries of chicken wing prices going down (which widens their margins).

But what happens when chicken wing prices go back up.

What is the opposite of the word "beneficiary".

>> No.54483480 [View]
File: 126 KB, 1218x904, Screenshot 2023-04-05 at 4.59.08 PM.png [View same] [iqdb] [saucenao] [google]
54483480

>>54483459
Yeah look at this spreadsheet I made for WING's dividend payout ratios. Basically divided their Free Cash Flow (FCF) by dividend amount. WING pay ridiculously large amounts of dividends imo, a huge portion of their FCF.

Navigation
View posts[+24][+48][+96]