GREY:FTPLF - Post by User
Comment by
jdn55on May 15, 2013 4:42pm
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Post# 21399272
RE: RE: RE: conference call take
RE: RE: RE: conference call take Just a couple other quick points. Just to elaborate a little on Rythman's one comment, the tax hit on Dresden sale could be virtually nothing and up to $10MM depending on if and how they repatriate the cash. Right now they have paid no tax other than very nominal amounts related to closing costs and all the cash (approx. $120MM EU) is sitting in a Swiss account. They are analyzing different stategies to minimize or eliminate the tax hit. The other point concerns an analyst who asked if FTP would consider buying back their very discounted debentures and that was when the comment was made that "all options are on the table" and they'll be nimble and do what makes most sense to enhance shareholder value. GLTA