RE:RE:RE:RE:RE:RE:Everyone knows Managment is trying to get something done..Yes the value of just about everything is at an all-time high, yet the underlying economics are lagging far behind. The reason the prices are so high is because of the constant involvement of central banks around the world. They're pumping this to new highs, and it's a dangerous game they're playing, because investors around the world will be left holding the bag when it goes south. For now though, everybody is singing the same song to ''follow with the Fed'', until the music stops...watch out for a liquidity crunch at that moment. CXR is a bad memory for me now. I've been out of its stock since June. Thank goodness.
select1011 wrote: Actually, let me say that we are in a super cycle of capital availability, and in a drought of opportunity. Hence Vancouver real-estate, and Ontario farmland values, peak stock exchange values, commodity investments climbing before the next recession (backward). CXR is being shunned because they will blow out he bottom rating. Covis and Cinven each put 20 pucks in the net during their respective five puck shootouts with MT.
CNInvesting wrote: Good point Lattice, their poor ratings will follow them in the years ahead if they continue on that path. Also, what makes anyone believe that they could refinance on betters terms in the future ? Look at the status of the economy now...it's weak and unproductive and bond yields are at a low. When the interest rates are pushed higher, and spreads widen, nobody will give a pass to the likes of CXR, only the most solid companies will have access to capital.
LaticeInExile wrote: The problem is that they had a hard time selling their debt in Sept 2015. They came up $98million short back then and peole actually believed their stock promotion. So what makes you think that they can just easily "refinance and renogotiating terms" Who is going to risk that. Their bonds are Junk status now.
Next UP .... pWc CCAA. KnowledgeSeekr8 wrote: Why are so many people talking about debt obligations in 2021. You realize that is 5 years away and any number of a 1000 things can happen between now and then including renegotiating their debt terms and getting it refinanced. The company has 4 years to get their act in order and show the banks that they have strong cash flows and can handle whatever debt is left by then and refinance it?? What is the problem?