CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

RE:RE:RE:Good quarter

[bigbear4511]

mattmackinze wrote:
From TD report this morning......Event Canexus reported Q2/16 adjusted EBITDA of $22.6mm ($25.7mm excluding onetime costs related to the Business Improvement Program and Superior Plus transaction), versus our estimate of $25.7mm and consensus of $26.4mm. Impact: NEUTRAL The results were in line with our forecast after adjusting for the one-time items... The South American business continues to deliver very stable performance and we anticipate that this will continue given the long-term fixed margin contract anchoring the business.....*Canexus announced that it has received commitments from a syndicate of banks for a $425mm credit facility....* Our F2016 Adjusted EBITDA estimate of $108.8mm is in line with management's guidance of $100-110mm

But Kherson said Canexus is in trouble?