Post by
toppgunn on Sep 21, 2024 3:57pm
Never say Never
Never say never. Corus current debt at about 1 BILLION and debt in 2018 at 2 BILLION. Somehow they got rid of 1 BILLION of debt in 6 years. 3000 people working for the company with annual revenue of about 1.3 BILLION. Company outlook is bleak but their backed against the wall currently, with massive cost reduction underway e.g., 800 jobs eliminated, cost cutting measures throughout all their divisions across the country. The banks probably be a "bit" forgiving and reasoining for ammendments as for the most part want a company to succeed barring "no chance" of paying of debt. The next couple of quarters probably the tell tale sign of their outlook of survival.
Comment by
BlueJay2020 on Sep 29, 2024 11:29pm
Yes, there us a chance of survival? But is an investable chance? For me - no, it is a trip to the roulette wheel.