Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) has posted a new investor presentation.
The company has one of the highest couponed preferred stock currently outstanding. CSSEP has a coupon of 9.75% and pays monthly. You can see it here.
The presentation can be seen here.
As they say—high risk/high reward.
ChickenSoup Entertainment (NASDAQ:CSSE): Q2 GAAP EPS of -$0.49 misses by $0.33.
Revenue of $12.2M (+286.1% Y/Y) beats by $2.56M.
https://seekingalpha.com/pr/17604118-chicken-soup-soul-entertainment-reports-record-q2-2019-revenue-12_2-million
I actually have owned the preferred for some time, and enjoy the monthly dividends. Having had a career in the entertainment industry, I have a better feel for the risks. This kind of model works, but the cash flows can be irregular. So, if you can get in below par, and keep an eye on their cash burn, it pays off. On a day like today, their Chicken Soup keeps me feeling calm compared to the rest of the market.
Don Cary–I am super conservative, but am toying with a small position.
The should have waited until Q2 financial results were available to post an investor presentation
And even with that high yield, it still trades just above par, which is remarkable.
I gotta have me some “Soup for the Soul”….And “More Cowbell” to go with it!
Grid–I posted this just for you–I knew you had a love of the company.
Tim, I just get a kick out of the name of that company. I love it. It may be a great preferred to own. I just cant get over the name of the company. It cracks me up.