Post by
Rainyday on Mar 06, 2024 10:23pm
Corporate Presentation
The company plans in 2024 to reduce debt from ~$463 million to ~$275-290 million. Right now the market capitalization is below the debt level but that should change in a few months and, given the fundamentals of this company, I think that could lead to a meaningful increase in the share price.
Comment by
Rainyday on Mar 13, 2024 5:14pm
I'm very pleased to see they are very committed to paying down debt. That's a great use of the cashflow they are generating.
Comment by
Rainyday on Mar 14, 2024 12:39pm
I picked up some more shares this morning - the monthly debt repayment is about a dime a share (about 4% of the stock price each month). That will get factored into the stock price at some point.