It looks like they moved a large portion of long term debt on the balance sheet to short term. Are they planning on paying this off or do they have to re-finance? Did they break covenants? TIA since I am new here.
An analyst asked about it in the conference call. The debt is due in November (I think) and they are currently in negotiations with the bankers to roll it over. And no, they did not break convenants. They made almost $3 last year and should make somewhere between $1.50-2.00 this year so convenant levels are not even a remote concern.
Thanks for the update. That saves me a lot of digging!!!