GREY:CMHIF - Post by User
Comment by
teshon Sep 01, 2012 12:09am
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Post# 20287061
RE: RE: RE: RE: RE: I would be surprised...
RE: RE: RE: RE: RE: I would be surprised... Fair comment. Regarding the long term debt CLC entered into a new long term $400 million line of credit in Feb/12 with a 5 year maturity (i.e. Feb/17). Can't imagine, given the 2nd qtr results that and the newness of this line, that there would be any problems with the covenants. I have seen this sudden dip happen for a number of the former income trusts for no apparent reason - whether it be shorts, a large institutional shareholder deciding to rebalance its portfolio, stops being triggered because of sudden decrease etc. More often than not it is not due to some yet to be disclosed bad news, particularly so soon after the quarterly results were released and turns out it was a buying opportunity. Again, cannot speak with 100% certainty and obviously hope I'm right.