RE:If you cut 2016 ebitda to $560 mln......CookieMonster wrote: The interest charges on the debt is roughly $220 mln. Capex and taxes are minimal.
The shorts are running a campaign of FUD (fear, uncertainty , doubt) just before earnings because they know this likely their last gasp. Cohodes probably had the Business Insider article set up to go and decided the market looked vulnerable , talk about insiders knowing earnings are going to be bad, blah, blah, blah, release the article and get the retail shorters to work the game.
Typical short game plan. Just like longs they get over confident, sit on a position to long, get boisterous with momentum on their side. Cohodes will probably be covering his short as retail shorts get cocky and get taken for a ride.