what i find odd is that the company itself didn't bring this contract to public attention. so, thanks for the heads up; this sounds good.
The exchange of lower payments now for more later is good for gkk. For Taberna the compensation is in security. If you put yourselves in Taberna's shoes, the deal makes sense only if you fear for the security of your investment. So while the deal does benefit gkk, it also shows that taberna is uneasy with the security of its investment in gkk.
Instead of the less being 90 million (195-105), it might be that the loss is 8 million (113-105). The language, to me, is a little ambiguous but seems to say that the size of the note is 113.
I believe the company has said somewhere that the first use of their cash flow this year at least will be to pay down debt. Maybe the market will like that, though I also believe that this company should invest in its own business and grow its way out of debt
in the last minutes of the trading day, ohi surged, from basically a flat day to up .5. Somebody's betting on the earnings announcement and willing to pay up. Let's hope the buyer is acting on inside knowledge.
On the first question, the buy back shares are still good and in theory could be sold into the market; some companies buy back and "cancel" in which case the shares no longer exist. The advantage is that VAR is using its capital in a way that very directly benefits the shareholders--same company with fewer shares should mean more per share. On the other hand, it's not really the same company because it's less that amount of capital. One critique of buybacks is that if the company really had a good use of the capital (bigger, better factory etc}, it should use it that way. Buybacks in this scenario could mean no good opportunities in the marketplace. Also VAR gives out huge numbers of options; the buybacks soak these up. Finally it might be viewed as a vote of confidence in company's future--ie they think the stock is priced low and is a good buy
I detest Perle and Wolfowitz too, but let's leave the jewish reference out. There are hardly any jews and the army's higher command anyway.
I think what's happening is that the ex-div day is different from the date of record. In the press release the date of record is the 15th and I think that makes the x div day today
there may be no opec spigots to turn on. At these prices, "cheating" is massive; most and perhaps all are producing at their max. Venezuela's capacity has diminished due to politics. The Saudis certainly has extra capacity, but it is in very heavy crude and there probably isn't any more refining capacity for this kind of crude. Oil prices might be too high now, but the stars are aligned for a long bull run.