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Cinram International Inc T.CRW.UN



TSX:CRW.UN - Post by User

Cinram International Inc > More news about refinacing
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Comment by shapeshifteron Mar 26, 2011 11:23pm
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Post# 18346157

RE: RE: RE: More news about refinacing

RE: RE: RE: More news about refinacing      I totally agree! It makes no sense at all to have $164 million cash on hand ( soon to be 30 million less after closing of the deal) and then not pay off the 90 million albatross,

      They got rid of 200 million in debt for 2009
       and around 75 million in debt for 2010 despite losing the WHV contract,
 they need to get rid of around 25million per qtr to become totally debt free before this latest refinancing deal expires in 2013. If they can't do it, I don't know if thewy deserve to be around as a company.
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