GREY:LSTMF - Post by User
Comment by
bushhog1on Jun 02, 2016 10:51am
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Post# 24926810
RE:RE:Book Value Per Share $2.40
RE:RE:Book Value Per Share $2.40Yeah. LTS has a book value of $2.40 and trading at $0.16
and TBE has a book value of $0.02 and trading at $0.10
Which is better?
One (TBE) is trading at 5 times bookvalue and the other (LTS)
is trading 13 times below bookvalue.
TBE has an overdue Debt that they cannot pay.
LTS will have enough cash to pay their $33M for June 15, 2016.
( from cash flow, cash balance and LOC drawn down in April)
Yes they will have to cover their overdrawn LOC by the end of July 2016.
and stated they will do this by the end of June.
LTS made only $22Mln EBITDA in Q1 and their LOC dropped to $250Mln
However in Q2 (end of June) they are forecasting to make minimum EBITDA of
$34Mln so they might be abled to convince the Banks
to raise this LOC to $375M without exercising any of their options.
Only my opinion