TSX:CUS.DB.D - Post by User
Comment by
Khersonon Mar 29, 2015 3:51pm
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Post# 23574785
RE:Canexus Guidance for 2015
RE:Canexus Guidance for 2015Hawk37, if the email that Ocean112 sent you is indeed based on any actual management guidance for 2015, then he has just torpedoed Canexus in getting a good price for any of their assets that are up for sale.
In the latest presentation that Canexus has on it's website, they state that for 2015, "Primary focus will be resetting our foundation for growth through operational optimization and debt reduction through a lower dividend and asset sales".
Since it now looks like Canexus will be increasing their debt through 2015 if no asset sales are realized, they will have to accept whatever price the Market offers for their assets because they are in such a dire financial mess. Time is not on Canexus's side, therefore the longer any asset sale negotiations continue, the more precarious Canexus's financial position becomes...
No wonder that Richard and Diane dumped their shares last year!
Kherson