RE:RE:RE:RE:NB Note Feb 8 (this is from before the conf call)well I really do get the sense they are intentionally holding back for reasons discussed on the board extensively. For example they often will have a concomitant news release at the time of their earnings call with some other piece of positive news and they didn't do that this time. It is hard not to believe it is intentional. So be it. We all have been patient and we will be a bit more patient.
I think we all have different reasons for having invested in this company but most of them involve I imagine the belief that at some there will be a quantum jump in share price. It probably won't be gradual, it probably will be all of a sudden. And I think the point at which the spring will finally pop is much sooner than later.
Ernieandbert wrote: Not even sure NBF knows which country the cash is held in but certainly has no idea why! And why doesn't he even mention buying all bonds back with the cash and why the co needs to do so. He isn't connecting the dots.
I bet they could get 50mm of the 2nd Liens in at 90 again. That is a 5mm discount to the Excss CF Sweep but 8.5mm discount to the call at 107. And any take-out helps get them closer to removing restrictive covenants and obvioulsy increases FCF due to lower cash interest exp. I bet they do a tender now and then again in March/April.