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Halcon Resources Corp. Message Board

  • jesemat jesemat Nov 13, 2012 1:22 PM Flag

    am i missing something?

    looking at the balance sheet,it shows total cash at 18 million and total debt is listed at 1.18 billion dollars. how has this company not been forced to go belly up?

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    • They have 1 billion in liquidity as stated in their CC

    • Lots of companies have huge debt and that does not necessarily mean the Co will go bankrupt. I know lots of companies with zero debt that are more likely to go bankrupt as their future is very bleak, so they will gradually eat into that cash - always pay attention if a Co shows above average growth. Now if they have low debt, all the better.
      That is a concern but not a scare as long as they fulfil expectations. Very simply, if they meet their own expectations this will be up huge; if not, you know what happens.
      Now CEO has proven he is capable in the past, which makes the risk-reward worthwhile. But don't take my word for it, look at Jan 15 option prices. With PPS at ~ 5.9, $5 put could be had for ~ $1.55 (mid-point), whereas $7 call costs you ~ $2.1. So it shows you what the Mk't thinks.
      Do your own DD

      Sentiment: Hold

    • hi shortie. IGNORE.

 
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