I had exm. What can you do. I have mtl and losing with it. All I buy is garbage because you have to buy low.
As of yesterday and today someone is accumulating shares not "suckering in". So I will always be correct and well you not so. HA HA HA HA
These picks are the real deal. I signed up recently and saw one of their picks increase 140% by the end of the day. Amazing. Text the word “Alerts” without quotes to FIVE FIVE FIVE EIGHT EIGHT EIGHT
The tricky part is understanding Centerbridge's intentions.... do they want to made whole on their debt that they bought at a slight, but significant, discount... or is it part of a ploy to take over the company at the expense of current shareholders. Part of the analysis of that centers on what the shares are worth to current management.... will they fight at all costs to protect their significant holdings, or will they cut a deal with the lenders to sell out current shareholders, but get themselves cut in once current shares are cancelled?
I am currently on the side of current company stays in place: Centerbridge gains its equity upside with its stake in Baltic, but captures a nice gain on its debt as well.
The stock should go to $8-12 per share. All the stock is now worth 80 million. Subtract Baltic and the net is 60 million.... controlling 1.5 billion of debt and ships that would be worth that amount perhaps at the higher BDI number.
A great takeover candidate perhaps.