Post by
JTDOUBLE on Dec 30, 2019 9:25am
Buckle Up..!!! BREAKOUT IMMINENT!!!
This should burn the remaining shorts today !!! Now maxr is derisking its balance sheet expecting more upgrade coming soon !!!
Back to 25 bucks in couple weeks i suspect!!!
Comment by
beenthere on Dec 30, 2019 10:17am
Sorry for any confusion! Was talking $US. Can always hope for a bidding war!!
Comment by
JTDOUBLE on Dec 30, 2019 10:25am
Only MDA is sold not the whole Company!! only a part of their business now..
Comment by
Straite on Dec 30, 2019 10:29am
You go it wrong, they are selling MDA (one of the many divisions). They keep SSL, DigitalGlobe, Radiant Solutions. Still have about 2B debt on the balance sheet tough. But leverage seems reduced. This is unlikely to reach 80+ anytime soon but it could happen in a very positive scenario after many years of profits, growth, deleveraging and share buybacks (if it ever happens).
Comment by
beenthere on Dec 30, 2019 10:53am
Sh*t! Sorry! At least that explains the price action! Wished I hadn't screwed up! Would have sold early this morning!
Comment by
JTDOUBLE on Dec 30, 2019 12:34pm
Only the Canadian side of business was sold .. This will ultimately strengthen the balance sheet and will attract more instittutionals investors..
Comment by
trawel87 on Dec 31, 2019 10:48am
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