OTCPK:TMBMF - Post by User
Post by
rinm99on Jul 20, 2017 9:04am
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Post# 26489596
Earning Q3
Earning Q3I don't like the message of the board ''Transaction update'' yesterday. By reading it, it seems that nobody ever mind about the deleveraging path and it seems that if the sale don't happen, the real turbulence will be the turnover of the board and the management team.
Anyway, all come down to the earning next wednesday, the cie need to show that their heading for 200M per year, if not (can go back down), the current trailling at 171M. Same quarter last year was at 26M with major maintenance. We have also a maintenance in May for this Q3 plus softwood duties.
So, what's the forecast??
The fx at current 1.26 will make hard for RYAM to come back with an increase offer and after the fact they will probably say that they were at maximum stretching level to buy TMB, after all it's just a 600M market cap cie.