RE:RE:Payout churchofnutsacc wrote: Bonterra will violently double within the span of a month or two like it did back in January-March, but the question is when. Since I don't know the when, I just keep holding and buying.
Bonterra could free cash flow over $1 share fully diluted for the 2nd half alone if we are to believe their guidance at $70 oil. If that happens, and the stock still doesn't move, I will take out a loan to buy more shares.
Could be wrong and I am just speculating but I am starting to think the bank covenants (market knows about them) are the holdback here that's why I mentioned maybe once the May 31 review is complete they can at least lay out a timeline for shareholders to hold on to. By May 31 they've likely paid down another $20MM+ of debt.
If you borrow to buy, the interest is tax deductible.