RE:Random thought on debt paydown...They defered the earnout and arent making the first payment until December. I think the note issue was to keep the lights on. Even after reducing guidance they should have had the cash to make those payments and had a surplus, yet they issued more debt. Watch what they do, not what they say if q2 was any indication. If there is no flurry of insider buys before q3 blackout it could be catastrophic.
visionaryfool wrote:
Could the Company not use the proceeds from its $350M debt to buy old debt at a discount? Just throwing out numbers but lets say old debt is trading at 70, if they buy $200M worth, that'll cancel ~$300M of interest payments. They'd be making money on the debt swap. As the Company engages in financial engineering, wouldn't it make sense for them to go down this path?