All I have heard for years is what a great future this company has and I actually believed it. This management is, however, totally in the dark. If the $500 million borrowed to buy this company was used to buy back HL stock, there would be a 40% reduction in dilution, The debt could be carried by current cash flow and investors would be very happy. It is clear what the rest of the world, which is much smarter than Philips Baker, thinks of this acquisition. Just look at the stock price today.
I think it's great. Tough time to be buying companies because the market is so short sighted. But why not buy low? Great in the long term. AZK has positive free cash flow, which is rare in the mining industry. I like it.