RE: RE: reducing debt-rishshah1 500 million @ 6 % = 30 million per year....
200 million @ 7 % approx = 14 million a year...
dividend reduction = 70 million a year or so...was higher before they cut the dividend...
looking at almost 100 million a year in savings alone...when that goes towards reducing the debt thats huge...
as debt goes down intrest will also go down
company is profitable an if earnings even go down by 10 % you are still looking at a solid company...now if we get someone with deep pockets and buys them out and clears all the debt...the owner will be laughing all the way to the bank with a huge cash flow for pennies...am buying today,...