a lot of activity by the large funds at the quarters end as usual so I would suggest we get relief on Thursday and hopefully upcoming SSS sales will add to it with good numbers.
looks as if you just narrowly missed the beginning of a huge rally for the day.
At the time I said the loans had NOT been repaid I was not aware of the terms and structure of the accommodation and obviously Amortization was inappropriate. My bad. However my intent was not to outline specifics of the transactions but to make it clear that the $1.8 billion was still outstanding and not repaid as the writer had indicated . I was assuming some form of term lending and I was incorrect.
I think you were already lost, please don't blame it on me. I was a senior commercial lender with HSBC, Fleet Bank and Bank of America for over 30 years and although not an accountant do know a bit about lending, loans and structuring., As I suggested previously, refer to your dictionary for the definition of amortization and perhaps the lost will be found.
OK so the debt is in the form of long term notes due in 2023. That confirms that the purchase is not PAID OFF as was stated in the e mail I was responding to. What exactly is your point/ amortization of a debt can be in the form of cash payments when related to tangible assets or as a write down in the case of intangibles. Not an accountant but look it up if you disagree..
I believe the company used their recently revised Line of credit to fund the $1.8 billion cash portion of the $2.0 billion purchase. Those funds will most likely be repaid over a period of time (amortized) Webster's definition of Amortization in finance " the systematic repayment of debt". What say you SPORT?
for $.38 at the close. This bloodletting was way overdone and will bounce back quickly.
You are correct and I reviewed news releases back to the original announcement which stated "EnvisionRX is expected to generate revenue of $5 billion and EBITDA of $150 -$160 million in 2015. It's intergration into Rite Aid is estimated to augment the latters earnings per share after the first year of the deal itself ''
so It appears to be baked into those numbers.
Motley Fool is back with their "hedge fund paid for" #$%$ slams of RAD. They have now become so regular that I doubt anyone could possibly give them any credence . Truly a pack of " MOTELY FOOLS" and recognized as such.
$.20 to $.25 cents in the last hour and $.06 after hours is well within the range I had in mind so I guess maybe it did happen.
and if your advice is followed by anyone they will be involved in your current mistake. Rad will be back to the $9.50 level shortly.
Yes I believe Monday could be a stellar day for our little gem. Bought some Jan 2017 calls today and will do a little more fishing Monday. GLTA