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Old Republic International Corporation Message Board

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  • Debaser8 Debaser8 Jun 26, 2012 6:59 PM Flag

    Webcast

    You should negotiate because you can probably get a removal of the covenant for ~50bps (3mm USD) and it is casting a dark cloud over the stock.

    If your argument is that the potential bond put is just a cosmetic problem and the short-term share price doesn't matter then they should cut the dividend by 60% and buyback the stock so we don't get reamed by double taxation.

 
ORI
14.04-0.18(-1.27%)Jan 30 4:04 PMEST

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