RE:RE:RE:RBC: Surprised by the market reactionIn order to save $75M interest in 2025, they'd have to repay $1B of debt at the end of 2024......who comes up with this stuff.
Overall I don't see an improved balance sheet that could be used to repay LTD but I do see a resilient balance sheet that dealt with a reduction in long term deposits and of course continued cleaning up of the other assets and liabilities.
Still a long way to go to a pristine balance sheet and higher share price. For the same reason less credit worthy clients pay higher interest, more indebted companies have lower multiples.