So Falcons and board think the company is greatly undervalued and want to prevent a hostile takeover? Any other rational. Shouldn't there be some announcement on debt negotiations by now. Does right offering mean this is imminent. Curious why now.
their model is based doing loans , that is sort of what they do. They have to believe that spreads will improve as the yield curve steepens. In fact they are probably guessing that they are approaching the sweet spot where both loan volume and spreads increase, this recovery has been very gradual so the whole process is drawn out, and the business environment is much more titled to the bigs. Too bad they aren't more creative, and more nimble, but it sort of is what it is and it basically works as long as you don't expect to much, for a retiree th prefer reds probably make more sense.