I haven't gotten chance to listen to the CC. Is there a chance that they can buy back the debt at a discount? Did they give a number of how much are they planning to buy back the common? They are going to save about $45MM for the next two years by cutting the dividend. That's more than half of the market cap at current price.
Caff, what is your view of the post-merger? I think you used to have a $30 target based on a massive buyback during the merger which improve the metrics of 8150 by 20%. But now since it is a straight conversion, what is your expectation over the next 1-2 year time. Thanks.