RE:RE:Hey JimDepending on the Shareholder's Rights offering and the discount offered, I may be interested in aquiring a few more shares. But I think they have to wait, and show us some good profits first I think this Quarter will be a good one. I expect Revs in the range of $1.65B to $1.75B. EBITDA to be around $350Mill. I think we'll be surprised with +FCF this time around. It may be around $225M. Overall the debt is under control, and the Service side is humming. So we'll have a good remainder of the year.
We're on the same regarding the R/S. They could have waited for their numbers to get consistantly higher, for a couple Quarters. The problem there, was the relentless Shorting that was taking the price to de-list teritory. This strike threat is over too. So keep our fingers crossed that the SP starts it's upward trend tomorrow. Cheers
Jim99999 wrote: Hey BBDB859, no, I currently do not have a position in BBD. I did well on the prefs but took a loss on the commons. Made a few trades on the B's over the past year to reduce the loss but I won't go long again until I get a feel for how the R/S is going to play out.
Overall, I like it. I agree that it needed to be done, and I also like the ratio 1:25. I think 100 million float is appropriate for the type and size of the business. What I am not sure about is the timing. I feel like this could have been delayed for 12 months or so, when the fundamentals could better support the higher share price.
Total speculation on my part, but I think this could be a prelude to a shareholder's rights offering. Perhaps the hope is that the higher share price will attract institutional investors who would likely
participate in such an offering.
Jim
BBDB859 wrote: Haven't seen you post here for over a year. Are you still invested in the B's? If so? What is your take on the R/S?