Post by
Alphaseeker1973 on Aug 31, 2022 11:05am
And the beatdown goes on
Nothing ever changes with this company. Stock rises up to 50 day MA and then gets absolutely slaughtered. Technicals now showing a retest of the 200 day MA which will not hold. MACD signal line crossing to the downside indicating a huge sell off on the way. This management is abysmal at attracting any interest in the company. Sharehodlers will never see any return here....
Comment by
Andrew1111 on Aug 31, 2022 11:12am
Then you should just sell and get out. The management is locked in for three more years
Comment by
DeeDee59 on Aug 31, 2022 2:18pm
Just sell your stock and get on with your life if you are so unhappy. Life is too short to live with such a chip on your shoulder. Go do something positive.
Comment by
rad10 on Sep 14, 2022 9:46am
Debentures are the way to with this. Capital structure is good. Long debentures for several years
Comment by
rad10 on Sep 14, 2022 1:38pm
Would I buy the debentures now at 95 cents on the dollar? Heck no. Am I happy picking up an 8% effective yield until they mature, with a 18% capital gain - assuming redemption at parity in 2 years time? Absolutely! Fine capital must be dozing!
Comment by
Alphaseeker1973 on Sep 14, 2022 5:02pm
If you get an 18% return I think you can count yourself as very fortunate here. Equity holders are never going to see a return here and could see more substanital losses in the next few years. They are producing no free cash flow, SGA expenses are soaring exponentially above EBITDA growth, and US denominated debt is hammering the balance sheet.
Comment by
rad10 on Sep 14, 2022 5:54pm
I think the last couple of days has helped many see the benefits of fixed income investing. its a cool company - in a neat sector. I am concerned about the 50 million increase in net debt since last year. May be time to sell near parity. Its always interesting to see what the company offers to prolong a debenture. This one has 2 years left to run.