RE:RE:RE:Not even able to sale their products
Stongy79 wrote: Sorry Realist why is Supreme a crook company?? They haven't lied or cheated or had any product go missing in shipment , the only thing they have done is be overly optimistic on revenue which has hurt us longs but we will be a survivor in the long term!
You can survive or choose to thrive with FIRE.DB. $1000 of par value bonds cost less than a 1000 shares right now.
It's insane to me that people who act like they believe in the Supreme fundamentals want to pass on 4x their investment to take the chance that the equity does better. If you think there is a reasonable chance that FIRE equity is up from here in 18 months, you should own FIRE.DB. I'm saying just up. The stock will have to get to $1.20 to give the equivalent return.
Have you worked out what the EV is at that price? What the EV/revenue or EV/EBITDA would be at that price compared to peers. What are the shares outstanding going to be?
They have to raise some money at some point unless someone like APHA buys them. Even then, what kind of premium will the equity get? They have to pay the bonds full price unless MM negotiates otherwise (which is a risk to the bonds).
Don't worry super equity bulls and super bears, you don't have to bash me. I'll show myself out.
I hope the share price goes above $1.20 by next year but I can't bet on it.