TSX:IBG.DB.E - Post by User
Comment by
patenrighton May 12, 2014 11:18am
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Post# 22550757
RE:RE:down 6% on opening
RE:RE:down 6% on opening
calgary, it is possible for both bonds and equity to prosper assuming ibg turns it around. even in best case scenario for bondholders if bonds were paid 100% with cash from capital injection by partners (which wont be the case) but hypothetically if it was the case , shares now would total around 45M. company with 12% ebitda margins on 350M sales would earn approx $25M in 2015 or $0.55 eps ( with a 10 pe = $5.5 stock price, even with extra 22M shares and dilution. rememeber, 45M of debt would be gone and so would interest of $3m , thus adding to profits.