TSX:LSG.DB - Post by User
Comment by
bigdaddycashon Sep 10, 2014 11:35am
281 Views
Post# 22923312
RE:A little mistake on debentures lol , I wish it was only that
RE:A little mistake on debentures lol , I wish it was only thatThink the number is off by scale of 100. I see the debentures are now trading close to face value. If LSG has extra cash it may be wise for company to buy the debentures on the open market (if they are trading at or below face). Saves interest expense (therefore reduces cost/oz) AND prevents further dilution (at $1.40 share price). Would be great low risk use of excess cash IMO. gltals.