OTCPK:MGMXD - Post by User
Comment by
BoldForbeson Sep 21, 2016 5:13pm
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Post# 25262742
RE:Up jimmy creek
RE:Up jimmy creekNewstock44,
I agree, it looks like the company is locking in long-term cash outflow. With the decision to have a dividend this will help cash projections and the ability to support (the dividend).
Locking in at 5.26% seems like a good rate as well for a 40 year loan. I can live with the 10% balloon, especially when you do a present value calculation of what this amount is worth.
For cash management, this can potentially allow them to better support future projects with capital or increase the dividend. But overall it gives stability which is important to making strategic decisions.
It looks like the company continues to learn and improve. This was a "good surprise" to read today; or a standard implementation by management, not surprise Jay Sutton was involved. Seriously, you have to meet him, he is a solid professional (and as stated before you should be extremely happy he is with us).
Cutting this short, I have a new filly in my fold.
Also, "4.40" reminds me if you are ever in the Southeast US or in metro-Atlanta area + you enjoy IPA's you should try "420" it is by Sweetwater.
Still buying,
Bold Forbes 16
The "16" is I have increased by position by 16% since the shareholder meeting and still looking for more opportunities.