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EXCO Resources Inc. Message Board

  • gambler803 gambler803 Sep 10, 2013 11:43 AM Flag


    These latest "deals" are so bad that BG doesn't even want to participate. This CEO shoots from the hip, makes horrible decision, offers to purchase the company and has no cash to do it, sells his positions "14's" in the company using the "margin call" strategy by leveraging his shares which is the first way an executive can get around insider trading laws, has totally destroyed share holder value, totes how great EBITA is but fails to point out the interest debt afterward, allows the company to make an obligation to purchase assets from KKR without knowing the actual purchase price. Totally stupid and self destructive and BG knows this. As for Ross, he makes more money from turning around trouble companies in bankruptcy etc. which is why he is involved in this company. He'll make more money on the debt vs his equity position in bankruptcy and pay himself 10 times over on the exit back out and the executives keep their jobs are paid again to make up for the zero purchase stock they will lose in the restructuring. This is one corrupt company.

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