RE:For what its worth - RE: Thompson InterviewHad they not guided down, i might be worried about a takeout, but they did, as was expected. They also giftwrapped it with the cfo leaving and a massive asset writedown. The debt didn't get written down with the assets though. A legacy portfolio would do good to fetch 5 times ebitda, but the debt is 6.4. If you're long, the only hope is they can crank things up over the next few years and get the debt under 5 times, but there's alot of landmines on this path and probably better places to put your money to work.
colt451 wrote: I for one was looking forward to hearing the CEO speak on the company and at least simply affirm guidance. He did not.
Instead he is "travelling." The bear case is that he is ducking interviews etc. The bull case is that he is spending the weekend finanalizing a M&A that he had hoped would be ready for this week.
I'm not even going to give Thompson the benefit of the doubt that he is travelling on Concordia business, but I sure as he** hope he is.