GREY:PSGLQ - Post by User
Post by
MatthewZyon Aug 18, 2016 10:46am
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Post# 25154004
Big investors want this cheap
Big investors want this cheapNo opinion on where the stock goes guys but it appears there are a lot of big money investors that want PSG's assets and they don't want to pay for the shares.
This situation reminds me of when Carl Icahn tried to steal Las Vegas Sands (LVS).
If I owned PSG I would want to watch the debt covenants - see pages 25-26 in the MDA.
Consolidated Fixed Charge Coverage Ratio (min ratio 1.0) and Leverage Ratio.
CXR.to VRX.to and PSG - debt fuelled expansion gone bad.