Shorters talk about BK, this company paid off 2 billion in debt over last 5 yrs, they were giving out a dividend, investing in capitol improvements, and still making a small $ per share. Selling a portion of the company to pay off a grantedly high debt is a good move. BK if it would happen assuming they continue to lose market share is years away. 30 billion a year in revenue. At current prices and cash flow this company is super cheap. Buy out by private equity likely. Of course they will low ball.
If Privite Eq. buys SVU it will probably be in the range of 5-8 bucks. That's why the board want shareholder appoval dropped to 66% from 75% to approve a buyout/takeover. Most likely they would reject or want more from a PE firm or other companies. Anyways BK is off the plate. Listen to CC and you will hear mgnt say BK is nohwere. Once the Income/Divy funds are done selling SVU will probably recover into the 3.50 - 4.00 range and wait for some kind of a buyout/takeover.