RE:RE:RE:Pay down debt vs share buy backMatt2018, there is no premium to be paid on debt if they go by way of tender offer for the Notes on the open market. Currently the Notes are trading at a 10% discount to Par. The question is how large a dollar amount would they be able to obtain at a discount to Par if they did a tender. If its a sizable amount, they are either nuts not to do this now or they are thinking things can get worse before they get better.
Fellowship is correct to point out that they have a sizable line of credit, completely unused that would provide them enough credit to run their operation for 1-2 years.
Something must be done to shake Goldman out of its strategy to keep the price down with endless 500 share lots