RE:RE:RE:RE:RE:RE:RE:RE:Why voting yes is not a bad ideaMacloud1 wrote: yep I think you are right , it could be a loss. After rereading the financial I think they made the 35 million because thye retired the original loan that was put in place when the dollar was 1.34 and they retired and paid the loan when the dollar was 1.28.
OK, then would you presume that there will be ZERO Froeign Exchange profits or losses in 2018?
(It seems to me that the only possibility would be IF some of the Loan is paid off, and then it would possibly be at a different exchange rate from at which it was borrowed. Might even result in a loss.)
If it is to be zero, that's a big chunk out of your anticipated income, and IMO makes the KDI deal all the more stupid.
And, if the KDI deal collapses, KDI's value will tank - and that is the time to consider buying it. But still no hurry.