GREY:EDYYF - Post by User
Comment by
Zorichon Aug 09, 2020 12:30pm
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Post# 31384532
RE:RE:Possible turnaround for the company
RE:RE:Possible turnaround for the companyLionWhisperer, you are right you need profit to pay.
I calculated for 16,000 house X $15,000 profit/house = $240 million.
So over the life of the contract, if it's secured, they will be able to repay the debt and still pocket some money.
Obviously the SP does not reflect that, since the contract is not secured yet, but with Puerto Rico in housing crisis, I am optimistic they can secure the contract. Of course this is my wishful thinking in my speculation.