GREY:FTPLF - Post by User
Comment by
algroveon Feb 22, 2014 8:44pm
183 Views
Post# 22239158
RE:A Class Debentures
RE:A Class Debentures1. You are correct re some $20 book value per share. At Sept 30th, their shareholders' equity was $356 million. I expect an impairment charge re their second plant in Quebec, which now is unlikely to proceed. However, if my memory is correct, the amount they have spent there is under $50 mil. So even if we subtract $50 mil. from $356 mil. we still come with over $20 book value per share. The balance sheet is clean. Aside from the convertible debentures, there is only $105 mil. in debt repaybale about $3 mil. per quarter, up until 2020.
2. You mentioned NB buying $17 mil of the A deb. I can not find anything to that effect. Where did you get that info from?