Post by
soundandfury on Aug 03, 2015 10:33pm
they had cap expenditures of 360 million in first half .....
of 2014. In first half of 2015 the had cap ependitiures of 40 million.....................that is a decrease in cap ex of some 320 million. They will pay off 100 million in debt from this reduction in cap expenditures and also funds from operations is on trach to be 125 million - 135 million . 100 million in debt reduction in this environment is quite an accomplishment for sure......................one cant expect more than that ......................heheheh
Comment by
lessspike on Aug 03, 2015 11:31pm
The problem is, they are still short by $145 million even if their projections are correct. That is the nub of the problem and the reason for such low valuation here. They have to resolve the debt payment before then can move on.