since this quarter is already 2/3rd over, I'm sure papa already knows how this quarter is doing. From what he said, it would take 6-9 months more to stablize, so next reporting isn't going to be all rosy either. but I believe this is the end of lowering guidance for now. and if I was the ceo, I would too make the guidance low immediately after I am hired then I can show to the world just how "good" I am at turning around the company. If he set the bar high, credits would be given to the previous CEO and if he underperforms, it's on him.
10% is nothing compared to the volatility of this stock.
you might be ahead currently but conference call hasn't started yet. things can change very quick
some people believe that the current price they should be performing like a stabilized company.
even at the lowered guidance, this is still trading at just 4x earning and like 1x revenue.
I will be holding, they will grow again once dusts settles.
it isn't bad to have debt, it is bad to have too much debt to the point where the interest expense eats up your earnings and you are unable to refinance at the time the debt comes due, this puts the company in a very bad situation and forces them to accept terrible terms for new loans to stay afloat, which puts them in a worst situation as interest expense becomes event higher. at some point,eventually becoming unsustainable and equity holders are wiped out while senior/secured debt holder becomes the new owners.
KMI also has the assets to back that up with 40b in stockholder's equity.
VRX only has like 6b