This is the best news for GDP. By extending its financing, the company has no debt issue until then.
Look at SM stock price after they extended their credit line (about a month). Their stock jumped more than 20%.
Great news for GDP shares!
Preferred shares are protected by common since the company can't issue any dividend to common holders until it is current with dividend payout to preferred, interest payout to debt holder.
With company's announcing issuing a senior note, the company boosts its cash to make all the financing obligations.
Will people actually buying foods at Whole Foods paying premiums?
Does anyone pay attention to US debt and the amount of fiat currency printed?
Some media says oil can be lowered but oil can't be printed - it's just amazing how they can cover the reality of currency situation where every single country is still printing massively.
US dollar, Euro, Yen,... everyone is printing - otherwise one currency will be skyrocketing for long term.
There are few small oil companies that should consider merging each other to boost their balance sheet and cash flow.
At $50-60, they are profitable but if they merge themselves, their margin goes even higher with econ of scale.
MHR, GDP, and few other ones are great candidates.
Google may be the buyer here - they have Youtube so having Pandora is the perfect combination.
People with bad reception while driving cars listen Pandora not Youtube.
Their cancellation process is completely messed up.
For example, if you book a hotel, they immediately charge your credit card EVEN BEFORE THE RESERVATION IS MADE AT THE HOTEL BY STATING THAT A CUSTOMER PURCHASED A 'VOUCHER'.
Now, try to cancel the voucher for a refund. THEY WILL PUT YOU ON HOLD FOREVER SINCE CUSTOMER SERVICE KEEPS SAYING "LET ME TRANSFER TO A DEPARTMENT WHO CAN BETTER ASSIST YOU." Also, if you look at your Groupon section, cancelling order button is greyed out - i.e. you must contact customer service to cancel it when CUSTOMER SERVICE DOESN'T KNOW HOW TO CANCEL IT.
So, I called the hotel directly to cancel it. Hotel says "Sir, you need to contact Groupon to cancel it as we don't have your reservation at the moment".
Lastly, there is a clause at Groupon that the refund is offered only certain period of time.
Guess what is going to happen? People will start talking about this issue and they will start using different coupon sites where you don't need to purchase a 'voucher' to be charged with this mess. Pure coupon site like Retailmenot or Coupon is much better to use.
and then, the company just announced that they extended its debt to Y2019 while reducing the average cost of debt AND the bank increased their credit line by another $200M.
It's amazing how these computer-driven trading algorithms don't pick this up. Bottom line is, when oil price goes down like this, it's not oil companies, but companies who sold these oil swaps/derivative contracts to them lose big time.
Read 10Q before you trade.
Look at the list of properties:
gas stations, burger king, family dollar, fedex, walgreen as tenants.
This property management business will do well with people seeking for more stable rate of return on investments. If you go to their website, you can participate directly on their funds with daily redemption liquidity.
I'm sure some other guys will pick it up soon.
this is well undervalued stock. once they optimize the facility overseas and improve gross margin for few more points, this can be generating a strong cash flow!
plus, its accounting adjustment lowering AFFO by about 10% or 3 cents is nothing major.
AFFO is simply calculated by adding Depreciation, Gain in property sale, and Capex.
You guys see their properties disappearing? Is this a tech company carrying a huge intangible like Facebook? At the end, just take a look at the list of properties on their book. Those are hard assets.
This is the opportunity for real estate investors.
Looks like you have never dealt with chapter 11. During the bankruptcy protection, the trustee appointed by judge gets the control of the company AND DIP (debt-in-possession) financing kicks in to "restructure" the capital structure. During the process, debt holders become an equity holder while "old" equity holder gets either completed wiped out or holds a piece of assets after the company meets all the obligation for creditors.
Looking at the news, GTAT released all the exclusivity with AAPL - i.e. GTAT is just one of the vendors for AAPL IF it builds an acceptable quality of product. Until now, the quality wasn't good for AAPL to use.
Soon, you will see GTAT issuing new common shares for debt holders. Then, the existing common shareholders are gone.
Example? GM, CIT - they both had same situation in chapter 11. old common shares are worthless while new shares (held by bondholders) worth a lot more.
One advice - try to hold the senior secured notes on chapter 11 companies...
which analysts expect the company to grow at 18% EPS growth while it is trading at 6.3x PE???
i think this is how those analysts make the stock cheap - putting an aggressive growth assumption while the company is a cash cow business where it keeps buying back shares on the market.
with tightness in traditional banking industry, WRLD has a great value. Perhaps, Buffett should like this one very well.
they just sold a non-core asset for $80M to SM Energy in cash adding to its annual EBITDA of $56M.
I think its cash on the balance sheet has been improved in this quarter.
Retailers know that it wasn't good enough to run a promotion at their sites. Hence, they will look for companies like Retailmenot to promote their sales.
Also, Retailmenot has a great database what the consumers are looking at now.
In retail business, Retaimenot is like a search engine like google.