CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

RE:RE:RE:RE:Doom and Gloomers parading today

[ocean112]

PS - I read the full report from TD - and yes Superior may pay $150M - but I can't imagine Doug dumping this at the same valuation as NATO (NATO was negative cashflow - this at least is slated to generate $22M cashflow in 2015 and will ride the upside as oil recovers - these are the dominant players in the oil patch with 50% market share for HCL when (if) fracking picks up long term).  With only 20% exposure to oil in the Chlor Alkali business - I can't imagine Doug giving this one away for nothing when there is no need to.

He got rid of NATO because of the negative and uncertain future cashflows - not the case with Chlor Alkali.  

Yes - a mountain of debt - and it will be a slow and steady plod forward to pay it off over many years - but at least now the propsect of failing thier covenants is behind them with the sale of NATO - they have plenty of room now.  That's why I think there is near term upside - I can't see why (after the 12% run up last week) why this will fall back to the $1.30 level.....if it does - oh well - I had to live with it two weeks ago - so will go for the ride.