GREY:FTPLF - Post by User
Comment by
mr1derfulon Feb 05, 2014 2:22pm
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Post# 22175776
RE:RE:Full of Baloney
RE:RE:Full of BaloneyWayned I think you are fooling yourself if you don't think there can't be more downside. What matters is FTP's ability to generate enough cash flow from operations so they aren't depleting the cash($100 million) on the balance sheet. This company has $226 million of debt which they are required to pay interest and the next few years the convertible debs will either have to be paid off or refinanced. There is also cap ex that needs to be funded. I'm trying to realistically see how this company will generate cash flow given the conditions in the DP market and that security paper is a tough business. This company looks more and more like a value trap where the cash on the balance sheet is being depleted every month while the debt is still there.