Thursday, April 29, 2010

KKR Financial comes in light on revenues (KFN)



KKR Financial Holdings reported earnings this afternoon.  Earnings are not comparable to the consensus estimate, but revenues look a bit low.


They do yield 4.4%, though I'm not sure if that's quite enough:
On April 29, 2010, the Company's board of directors declared a cash distribution for the quarter ended March 31, 2010 on the Company's common shares of $0.10 per share. The distribution is payable on May 28, 2010 to common shareholders of record as of the close of business on May 14, 2010.
A peek at their portfolio (this is as of December) shows how bad investors have been hit by the past decade's private equity binge:





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