RE:RE:RE:RE:RE:RE:Think about it...I am not saying they are not okay, and Micmar posted 750 million
in 2 years not bad but as you see how it's trading the market is saying
that is a slow pace when you have6.5 billion or whatever they are sitting
at now. Being okay and shareholder returns are two different things.
My basis is on FCF available to pay down debt and we will know those
numbers as they come quarter by quarter. The market is pricing them as
there is risk of insolvency, why is that? I can't tell you at what point as that
is up to the creditors and if the bomber breaks any covenants. Are you saying
they will not hsve to refinance any debt in the coming years. Trading at .77
pre-split means thatlots of questions investors have with lots of uncertainty.
Unfortunately I don't have the answers and don't think anyone on this board does
either.
clubhouse19 wrote: Maybe you could explain at what level they will need refinancing with the debt structure and timing as it is or are you just throwing that comment out without anything to back it up.? They sat they are ok abd you say not..on what basis?
bago wrote: Market is saying that's not enough for now.
At this rate they will need refinancing and that's
not guaranteed and at higher interest rates. Debt
payments have to speed up if possible and that's the issue.
Let's see what they show this quarter.
Micmar wrote: Yes, 400 millions last year and 350 millions this year.... not bad.
clubhouse19 wrote: Looks like they are making back enough to tackle the debt.
bago wrote: What's getting missed here is it's not
about the great planes or how many get sold
or backlog. The issue is magins and how much
FCF they can generate in order to translate in shareholder
returns. It comes down to making money, that's all.