RE: Bank Debt " as of Sep. 30, approx $138 million had been drawn from the bank...thats at Q3 end, which means parallel only took money to purchase the asset, not to pay out the dividend, which brings me to believe that Q3 results will be good"
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I hate to pee in your cornflakes, but that acquisition didn't close until after the end of Q3.
So all of that money you think they spent on the acquisition was spent somewhere else, and they still have to pay for the acquisition.
And the new pipeline could still be unpaid, and show up on accounts payable.
Get ready to soil your shorts.