Yeah..young children on this Board..weird. Bought the w/i csal today in the 28 1/2 range...will sell the other part when I get it...There's a few of these fiber assets floating around that will probably be scooped by these guys...or someone else. Look at the ALSK chart after their sale/spin
No, they should be issuing NO equity in any form until we get to a near fully valued price. And if they are right and can grow this an equity raise will never be necessary. Remember they are free cash flowing
Cramer is nothing more than entertainment, if you rely on him for advice your CLUELESS.
As you can now clearly see the old win is trading at 2.15. So sorry for your confusion yesterday. Oh didn't know its already trading when issued?
Person...your wrong and clueless, and on top of it all Csal paid a heavy price for their debt, cause they had trouble getting sold...I suggest highly very highly you go back to CD's..your playing with fire unless its just a $100 bucks or so..
Only little over 3x levered now..so I suspect they will not have an issue. Except for the fact that we have this idiot law called Dodd-Frank, which in many ways is killing lending in this Country. 40% of people can not get a mortgage now because of it, but it also doesn't allow banks to carry a certain amount of loans that are considered marginal. #$%$ because the shareholder bear the risk of the bad loans, anyway sorry for the rant, but this Country has been placed in a bad way because of legislators who are clueless. So back to the story, they need enough of a line to take out the converts or a good piece of them as well. Once all of this is in order it will trade at the right multiple and push the stock much higher.
Yes..very much a risk. Should have been done long long ago, I don't think they have the financial savvy in management. Actually that's obvious.
No idea, but finally people are figuring out this is worth a lot more, based on comps this should be $3-$4. It has an oil taint...I suspect and therefore a discount but..my $3-4 includes that...remove oil and this will be $5 mho. why anyone was selling this post them raising guidance I have no clue.
I own it,, so what's the problem? Takes time to absorb the guys looking for liquidity who have given up literally. Its a $4 number down the road...or more.
Its a penny stock where everyone has been burned alive over the past 3-5 years so all the stock or virtually all is held by non-Instituions..Notice 13 million shares traded the day the announced the sale , but Institutional ownership didn't go up..so there's tons of stock in really weak hands.. Gonna take some time or an event to get this going. Sellers see liquidity and take it. I for one wouldn't be surprised if we saw a Private Equity shop buy this at like $2.50. Its grossly undervalued and now is the time when nobody is paying attention. What's also amazing is that its 3 months after the sale and there's no new bank line as they suggested or a deal to buyout or deal with the converts. The oil taint is surely sitting on this too..but that being said 13x normal volume tells us, watch the news wire...
Usually the play is low dollar like you say..So many of the E & P's have been laying 2nds between the short and long paper makes it better to own short, which is rare..Its all fluid..Just happy I'm not in the common...
Don't disagree, but how long does this last.. 1 month 6 months 1-2 years, don't know. So I'm only in debt of 6-7 companies at yields of 9-50%..I will buy stock when its obvious.
$5 is a possibility A LONG AS THEY REFINANCE THE DEBT WITH CASH.