What are they doing. They are adding massive debt and also have massive dividend and buybacks and really no cash flow to pay for it. The add like $4 billion in debt a quarter, don't they realize this company has had problems with debt and bankruptcy. They now have $39 billion in debt when it was only $9 billion 3 years ago.
Just to show how corrupt the system is GM has 50 billion in debt, yet pays only 400 million in interest. A company with its history gets to borrow at 0.8% interest.
Seems cafd is getting all the junk the utilities do not want to buy. Systems less than 50 MW that are costly to maintain. The big boys that like to kill birds with wind power, coal, and gas get all the big projects. Looks like Sunpower is considering selling a plant to Berkshire. A good plant that is already large and expandable. Even cafd largest plant , If I am not mistaken, has one of the lowest $ per kWh purchase agreements in the industry from the solar unfriendly fake republicans near Arizona. How about a new yieldco where we get the big large expandable projects with high PPA and we lobby congress for access to the grid for free in a deregulated environment. Where the people of the country can invest in a company that buy and sell solar electricity between people without the big "limp in the groin" utilities getting a big cut.
Probably true, he probably complained that he is only going to get $150K a year before it goes bankrupt so he said give me more or I walk.
He doesn't get the 750K if the stock goes chapter 11. We could ask him to put 150K of the 750K, or 20% into DXM stock at the next shareholders meeting.
I did without depreciation it is profitable. Without interest payment it is very profitable.
Walsh raise might have something to do with McKuskers wage too.
This company has tons of cash (146MM) and it has tons of free cash flow (200MM). It has been paying extra debt every quarter. There is no reason to miss a payment. They should be going around looking for cheaper debt to buy out the overpriced debt they pay, someone would buy out all the debt at 8% I would think.
This would actually be good news if they can extend the term of these loans or lower the interest payment.
This would be horrible news. They can pay the debt, the problem is the debt is going to be due in about a year and a 1/2. We don't need any dopey bond-holders owning equity.
Why this company produces more cash than many companies that get debt at 5% interest. Have they even tried to look for debt?
I have an answer I just want to see if I am not making a mistake. Please post.
DELL stock was like $40 in 2000, he let the bagholders sit and wait until the stock became massive undervalued at $13.75 the price of the buyout. I doubt if they even took a vote, I never got a list of the votes. Icahn calls Dell what he is he stole $ billions from the shareholders. Never buy a Dell product again.
I was just wondering if there was a way to determine this.
DXM is more profitable and should pay 1% too. Lets drop payment to 1%.