Yep, solid result - and good outlook, given that two of their hotels just came "on-line", i.e. cost in 2017 and revenue in 2018.
Holding both MCK and CDI ... and having difficulties to decide which one to like more;
CDI did so far a better job of capital appreciation in my portfolio than MCK, but this is just a timing issue. Anybody holding both for more than 2 years would say the opposite (holding CDI for several years, but rather new to MCK);
MCK is obviously exposed to the cyclical tourism sector, which is sometimes good (like now) and sometimes not so good.
CDI - developing (non-speculative) properties - always in demand.
Both have ok-ish past PE's and very promising growth rates (which obviously will not continue to grow in infinity)
CDI - avg PE 17.4, backw CAGR 35.4
MCK - avg PE 15.2, backw CAGR 12.2
I think both are worth a punt ... just need to keep reminding me not to over-expose (low liquidity)
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