Post by
perdikaoilgas on May 26, 2015 5:24pm
BIN's Guidance for 2015 and the Debt Ratio
Based on the latest company's guidance, BIN will make about $525 million in adjusted EBITDA in 2015. However, the company has $1.5 billion in debt, so its leverage ratio is very high. It is alarming actually. Do I miss something here?
Disclosure: Long CERF Incorporated (CFL.V), Journey Energy (JOY.T) and other dividend-paying stocks with high dividend, low leverage and low key metrics.
Comment by
PAGODA5 on May 26, 2015 11:44pm
Management has really cleaned up the ship. They have a 5 year plan to improve the operations. They are buying a bunch of trucks that are natural gas powered and use only one driver. Buying new trucks means new business, Nice try. I like their debt choices.