RE:Bruce Berkowitz's Fairholme Capital Management 4th Quarter
The two (majority) shareholders will do well if Imperial Metals can stay above water. With interest rates as high as 12% the returns are definitely worthwhile. A significant amount of debt repayments are fullfilled with PP share issuances which does hurt the retail investors share valuation through dilution, but as Impe pointed out, if it was not for these two pillar investors, we all would have drowned long ago. In the meantime, we can all have fun buying and selling rollercoaster share prices.