"2015 estimated production anticipated to increase ~77% - 107% compared to 2014"
If capex is going forward fraction what it used to be?
good news is that they're still building it, which is surprising!
this industrial park is dumbest F****** idea i've ever heard! Paying 2x market cap for operating rights and then they still have to built it!
not to mention their RE bubble....
this is just their way to loot rest of valuable assets what KGJI had.
First time i see business is priced based on their gross profits. That's ridiculous, bc we don't know how much there is left after sga & other costs.
btw: Is tilson still on board?
true value investors like buffett, wouldn't touch SODA even 6 feet pole, simply bc it might be fad.
she has been watchin this slow motion trainwreck, and only reason she took that money, was that she thought that it's better take it while Hamm has some abilities to pay it. Situation might be different in 1-2 years.
You don't need to worry about their debt pile, Hamm said in CC that he will re-hedge, right after oil gets back +100$ barrel.