They are not going to get a better rate than they had worked out now. Rates are going up. My opinion is they are involved in M & A. There getting bought.
While the rate certainly would have been higher it would have eliminated the risk that they are going to violate the interest coverage debt covenant (150% required in June quarter). So what happens if they violate the covenant? Bankruptcy is conceivable but I think they are confident they can negotiate a waiver if they miss.
Dude, you have a wild imagination. Morgan Stanley was not able to drum up enough buyers so they had to cancel the debt offering. That was why WLT had to accept 8.5% for the debt offering in March. No one wants to buy them.Not with their huge debt load that is the large ratio from debt to equity; with little demand and over supply of MET COAL on the market and prices that continue to fall.
With the dramatic slow down in China AND Europe, where the hell are they going to find buyers?
What do you know? You are just a flipper... that would post any cr@p that suits your agenda.
From your post, it is obvious that you did not grow some BA!!S to go long and are still hoping for lower PPS to go LONG.
Do you really think your harping on these boards will affect the PPS? If so, you're just pathetic...LOL
I bought today. My opinion is that if there was not much selling today on a panic selling day, then the S&P credit watch is not going to hurt the stock much. We will see tom. I got in at 12.20 today..who really knows
I am not very good at speculation but thought the same exact thing. First thing that came to my mind was why refi if theres a possible deal in the works. I sure hope its why cause I am getting crushed with this investment.
That's alot of wishful thinking. But I like the fact mgt bought earlier at 19, 17 THEN announced they would be seeking financing. They knew the price would drop even more after pulling out of it but they can't be accused of insider trading when they bought at 50% than where it sits now. The sale could very well be in the 30's