Post by
Evenstephen on Apr 06, 2017 10:02am
Re re re re re this board was dead
Yes I know what you are saying. But what an opportunity for a big player to buy up the debt and give the company some breathing room. This company still has a global footprint. They face challenges but the new CEO seems like he's doing the right things. They brought in a consultant from bcg. If they can turn it around over the next few years, then the debt would be revalued. They can renegotiate it. I know it's a long shot but whoever bought up the debt now would make a fortune on the yield as long as the company is in a position to pay it.
Comment by
TraderBen on Apr 06, 2017 10:08am
In the transcripts of the earnings call, it is made clear that the consultant can not be engaged until H2. Why do you think that is? Get your head out of the sand. The balance sheet is so tied up with debt they have no alternatives left except Chapter 11 Restructuring. The equity will nosedive to the penny stocks and get kicked out of the small cap index.
Comment by
RodneyCameron on Apr 06, 2017 10:42am
How much is the bankruptcy advisors costing? Do they get paid before the bondholders?
Comment by
marcrobert on Apr 06, 2017 1:17pm
There is no "bankruptcy" consultant. The guy is a pharma turnaround guy (business strategy). They can easily handling their debt oblgations in 2017, and then next biggie is 2021 at least thats what the ceo and cfo claim no imminent death.