Will wipe out $330 mil of debt ..leaving $2.0 B debt in 2016 and the ratio of debt to market value will be less than 2 for the 1st time since 2013.
SP up 4% I@ $4.99 IN PRE-MKT.
Last year they had $285 mil in cash and today they have only $60 mil. So there is a shortfall of $225 mil and thats why they are issuing 60 mil shares to beef up their cash position. This will make total cash around $350 mil for day to day operations and CapEx. Its really foolish that they didnt think about this earlier and sell APIO operations rather than diluting the SH base.
By an Offering of $300 mil. No wonder SP is down to $4.71 in pre-mkt. I knew they didn't have much cash on hand.. only $60 MIL.. but they could had managed it in its rising stock price.
I be gone all day consulting today. Good Luck all Longs.
Year Total Sales Earnings Cash Flow Total Debt Current Assets Current Liab.
2015..... $2013 mil $0.63/sh $1.22/sh $2.55B $979 mil($285 mil) $578 mil
2016... $1900 mil est. $0.65/sh est. $1.40/sh est. $2.33B $792 mil ($60 mil) $440mil
2017.... $ 2200 mil est. $0.75/sh est. $ 1.55/sh est.
2019-2021 Stock Price Projections.... High $15 : Low $8
Around SP of $5, this is a great stock It will get to .$8-$10 by December. Buy all you can at this price..
skii...I have NO idea #$%$ you talking about. I am consulting in Wire & Cable Mfg business.
Well, the SP dipped below $5 and may go down to $4.50 before bounce back to $5. Brit Exit and Terrorist attack in Orlando taking a toll on all markets. Q-2 earnings will be here shortly in less than 6 weeks and stock will begin to move up in next 2 weeks.s. Trump is another issue for the market.
But still holding up well as markets are tanking in the wake of Terrorist shooting in Orlando.
But, CLF's future is rosy as IO staying in $50's and sales est. of US IO sales are raised for year 2016 and 2017 and Q-2 earnings will be in plus column and some upgrades are already showing up. More will follow.
Not to buy GME at this low low price. Company gives 5.7% dividend .. better than the utility or telecom company. WS is wrongly bashing this stock which trades at a P/E of JUST 7. This stock will easy get to $32 in less than a month
Q-2 earnings est. raised to $0.01 from MINUS $0.21 some 30 day ago. ... But I think they will be even much better. My prediction is around $0.35
US IO volume expected to rise from 17.5 mil Mt to 18 mil Mt and expect to rise over 20 mil Mt in 2017. More the sales, higher the EBITDA This is good news for earnings, cash flow and for paying down debt.