rogere1946 • Jan 23, 2015 5:08 PM Flag
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bluhorse the ONLY reason that FRO will issue new stock (not restructure) is that JF wants to buy those shares for himself. But I believe cash flow will now meet all or enough of the upcoming April debt that no new stock issues will be made. Given the rates of today and for how long they have been up and that with a LT deal just made which will give some of the money up front or a few months into the debt due FRO should have enough money to pay off those convertibles. Cash flow is now king and in the black for FRO.
Once the announcement is made about HOW the debt will be handled FRO will go up in price. Rates are the key and with rates comes profit. Cost down and rates up that means profits. Less
Don't expect lower oil prices
should i wait until after earnings or before?
You follow the pump and now become a bagholder
it has been going down last 4 days in a row Reasons why??