PAY - DOWN - THE - DEBT
If the Board is not going to be able to finalize a takeover deal soon, then I believe the next best thing to do would be to use all excess cash flow to pay down debt.....The company has debt with interest rates in the 7.00% to 9.50% range, which is crazy high in the current interest rate environment, so to continue to look for even tuck-in acquisitions would not be wise in my view.....I think investors want to see that debt come down, and that CXR is putting its money where its mouth is in terms of paying it down as much as possible as soon as possible.....