TSX:IBG.DB.E - Post by User
Post by
Calgaryrideron Aug 20, 2018 10:52pm
309 Views
Post# 28490496
Redemption of 7.0% Convertible Unsecured Subordinated Debs
Redemption of 7.0% Convertible Unsecured Subordinated DebsRedemption of 7.0% Convertible Unsecured Subordinated Debentures, Series 2 Due June 30, 2019 and Having a Conversion Price of $19.17 Per Common Share
Read more at https://www.stockhouse.com/news/press-releases/2018/08/20/ibi-group-inc-announces-redemption-of-7-0-convertible-unsecured-subordinated#CuhJjc7qzHcUpzTV.99
Interesting!
Past Q3, interest expense should continue dropping as they have been for 2+ years now. Also, that’s when they believe the US will have fully turned the tide and margins will begin to rise. These guys are going to take a big swing at maximizing Q4 performance leading into 2019 being ‘the’ year of IBI’s complete resurgence to being a cash cow.
Go IBG.