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EXCO Resources Inc. Message Board

  • vzar47b vzar47b Oct 29, 2013 5:38 PM Flag

    What other bad news can there be at this point?

    A recap:

    1. BG opts out of buying assets
    2. TGGT deal nets about 50% of what was expected
    3. Revenue, cashflow, and earnings miss

    Are there more shoes to drop on this, or is all of the bad news out now? After guiding EBITDA up last time, will Miller now guide down this time? TGGT does not account for the EBITDA miss in this recent qtr, so what happened? Is it execution (which can be fixed with a management change)? Or is something more fundamental going on (such as a large shareholder using this as a cash cow and destroying equity in the process)?

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