OTCPK:APCFF - Post by User
Comment by
nkbourbakion Dec 15, 2020 4:36pm
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Post# 32111676
RE:RE:RE:RE:RE:There is nothing good about this F@ck company
RE:RE:RE:RE:RE:There is nothing good about this F@ck company rad10 wrote:
Bushman3333 wrote: You hit the nail on head, Moore the to blame, he should go to army to shine shoes, where he is belong, any one believes in this company naif big time.
he inherited a Sh!tshow 2 billion dollars in debt. His capital allocation can't really be faulted. Buying back common and preferred shares isn't terrible - even though he paid too much for the common. It's not a sexy business.
long preferred shares only. B series with a double digit yield. They are still yielding almost 8% and the reset is 2024. There are worse places to be!
I think the prefs are a great hold, though I've personally moved into the common over the past couple weeks. I probably made the move too early but I like the idea of being fully aligned with Moore. I take him at his word that they'll do all they can to surface value and I think there will be some catalysts through 2021: SIB early in the year (or an acquisition -- even better) and recontracting of Frederickson in Q3 or Q4. I don't expect a new PPA to knock the lights out, but I think any reasonable extension will be well-received by the market and they sounded pretty positive about their prospects on the Q3 call.