Post by
ramman1 on Feb 07, 2024 7:14pm
Ya: So lets talk QIPT without ''wet behind the ears ''BOY
IMHO: Things turned sour shortly AFTER the ''Great Elm'' aquisition.---The deal it'self to buy Great Elm was (very good,however) it required a lot of debt to finance . QIPT thought 8% was o/k ''short term'', BUT RATES rose against them, and the chance to get RE-NEGOTIATED at 6.5% drifted away. Now that the huge intial sell/cross sell is settling in and reducing to a level rate , the 8% debt turns things negative, ''big time''.------- Action on the older rural outlets not making money , has been minimal. What do you do ???? --Give them away or add via tuck-in to older areas ?? . Tough position,but not making money and dragging down other areas is very tough , NO bottom line. ------------ A (good company) ,BUT: needing a RE-SET ??,thats my view . ---$6-$ 6.50 until we see otherwise. .
Comment by
Carlito3311 on Feb 07, 2024 10:02pm
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Comment by
westcoastlogger on Feb 08, 2024 8:31am
Great Elm was nothing but a positive and we need another one of those that make it a baby in comparison. The ATM freakout was overblown nonsense about something that would of given us another option for raising capital but yeah, I agree with Gibbons. We need a big deal. 200M. Go big or go home. If you guys were shareholders you could voice your disapproval to management but alas, your not.