TSX:AX.PR.E - Post by User
Post by
Frankie10on Feb 21, 2024 10:30am
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Post# 35890808
MATH
MATH The math works for Artis - With market cap of only $700M - a SIB for 15% of the outstanding would only be $100M… all we have to do is sell $200M of assets to maintain 50% debt to total assets post sale and buyback.
That assumes an *additional* $200M of sales - which should be light work for Samir.
I believe the $300M+ of sales post Q3 (already announced) will be targeted at the credit facility - bringing down debt to a reasonable level by reducing total debt by a whopping $300M.