Bullboard - Stock Discussion Forum Parkland Corp T.PKI

Alternate Symbol(s): PKIUF

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include... see more

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TSX:PKI - Post Discussion

Parkland Corp > RE:RE:Changes in the Board Tell Me Parkland is Reverting

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Post by Red_Deer on Jan 03, 2024 5:58am

RE:RE:Changes in the Board Tell Me Parkland is Reverting

BANKRUPTCY !!!!!!!!!!

THIS is Just ONE of the MANY Predictions Made by this SELF STYLED Guru.

Comment by DeanEdmontonon Oct 08, 2022 3:20pm

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Post# 35014227

RE:Buyback plan needed And Increase shareholders dividend.

You really don't seem to understand how this works. They are packing so much debt no way would the lenders terms allow them to increase dividends, let alone buyback shares. On top of that they don't have enough cashflow to do either without even more borrowing. The NAV of this company is NEGATIVE, once you strip out the value of goodwill. Unless they can dramatically improve their pofitability this company is headed for bankruptcy.

Mrlongpants wrote:Buy back big time at this share price and cancel shares. BUY BACK PROGRAM NEEDED NOW.
This would be good for them and the share holders. GLTALongs

So Should ANYONE Heed this Latest PREDICTION eh !!!! ????

It would appear Parkland intends to go back to its old ways of piling on debt, adding companies that are not easily integrated nor immediately, if ever, accretive. Hope I am wrong but would not be holding this waiting to see which way it ends up going.

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