TSX:WRK.DB.K - Post by User
Post by
Bartstaron Aug 05, 2006 10:41pm
168 Views
Post# 11192486
walked away
walked awayi don't see where this consolodation is anything but a bad thing for the unit investors. No mention of the change to distribution, although its academic to say that the distribution should follow the same, but if thats the case then why not print it. Another thing, everyone seems to have missed the ealier NR about the debentures. With all that flipping going on at the same time and adding in the consolodation, it appeared to me that theres potential capital issues and IF thats the case, what would stop the company from issuing more units at the new price to fund new purchases. i don't know for sure, but I don't buy that bull about meeting the higher levels of their competition. If you want to do that, then produce a company that is better than your peers, and you'll eventually be priced in the same category. Anyways, thats my two cents and I'm outa here.