RE:RE:RE:RE:Random thought on debt paydown...The company can't willy nilly go into the market and buy its own debt just like it can't go into the market and buy its own shares without complying with specific rules on repurchases. What do you think will happen to the value of the notes as soon as such a process is announced? There are cost savings to be achieved but not as much as you think. Th
visionaryfool wrote:
Guys, I think we're missing the point here. If I had a friend *cough cough JJR Capital* who had access to capital markets and thought things were going OK , why WOULDN'T I try to convince them to give me a loan for say $100M USD that I would use to erase $130M USD of old debt.
The Company needs to focus on the debt. Buying back shares isn't going to do it. It would be MUCH better if they bought their own old debt and cancel it. Screw new product acqusitions, we all know MT doesn't know SHIAT about M&A.. besides raising prices. He should use every extra penny to buy his old debt. That'll increase S/H value immensly.