GREY:VFGGF - Post by User
Post by
kisstopherpon Sep 11, 2013 8:09am
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Post# 21731809
Makes Sense
Makes Sense It's the right business model to pursue - the market hates the Double D's right now Decline and Debt both of which are high with PRY.
They are getting thier capital expenditures in-line with cash flow - while this will lead to slower growth in the short term it will ensure they have sustainable growth over the mid/long term.
They revised exit guidance downward which is what everyone expected - I believe the market already priced this 'shock' in.
They just need a solid 2 - 3Q to sort this out.
Looking forward to the presentation today.