On the takeover
We have a 2B company with a 3.5B debt.
The inquiring company has no idea on if CXR is able to pay off their debt or not since
no results have come out yet with the AMCO acuqistion.
You guys talking about a takeover is kind of ridiculous.
You want a company to pay $70US a share or $100 CAN. to buy out??
You want them to pay $5B company with a debt of $3.5B?
I think CXR has great potential but we still have no proof that they are able
to cashflow at least $350M/year.
For a $100CAN price, it will be another 2 or 3 quarters before we can get an offer like that.