|Bid||1.04 x 0|
|Ask||1.05 x 0|
|Day's Range||1.04 - 1.13|
|52 Week Range||0.93 - 3.47|
|Beta (3Y Monthly)||2.48|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 31, 2017 - Apr 3, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.55|
Cash and cash equivalents are at historically high levels in each of the Fairholme Fund (Trades, Portfolio), the Fairholme Focused Income Fund, and the Fairholme Allocation Fund ("Funds") given investment performance and being more fearful than greedy when balancing market opportunities and risks. Due to recent developments with certain holdings, we want to provide updates on St. Joe after Hurricane Michael, Fannie Mae and Freddie Mac after the latest court ruling, Imperial Metals after latest production reports, and Sears Holdings (SHLD) after the company's announced bankruptcy where the outcome is uncertain and an evaluation of net assets is more complex in a Chapter 11 court process.
Moody's Investors Service ("Moody's") downgraded Imperial Metals Corporation's ("Imperial") Corporate Family rating to Caa3 from Caa2, downgraded and appended a limited default designation (LD) to Imperial Metals Corporation's Probability of Default (PDR) rating to Caa3-PD/LD from Caa2-PD, and affirmed its Caa3 senior unsecured rating and its SGL-4 speculative grade liquidity rating. Moody's views the extension of the maturity dates of Imperial's first lien senior credit facility (to February 15, 2019 from October 1, 2018), its second lien credit facility (to February 15, 2019 from December 1, 2018) and its $26 million bridge loan (to February 28, 2019 from January 5, 2019) as a distressed exchange and limited default under Moody's definition of default.
Highlights include 21.7 metres grading 16.99% zinc and 3.44% lead and 2.41g/t silver, which included 10.4 metres grading 25.70% zinc and 5.41% lead and 3.44 g/t silver. The drill hole targeted the V-Zone mineralization 425 metres below surface and about 300 metres below the deepest previous mineralized intercept in the zone. Drill hole RD-18-V41 was collared near the valley floor of Oliver Creek at an elevation of approximately 1,191 metres above sea level and drilled to a final depth of 828.8 metres.
Imperial Metals Corporation acquires, explores for, develops, and produces base and precious metals in Canada. Imperial Metals is one of Canada’s small-cap stocks that saw some insider buying over theRead More...
Imperial Metals Corporation (“Imperial” or the “Company”) (III.TO) commences a financial and business restructuring process. Extension of the due date of the Company’s Secured Revolving Senior Credit Facility of $200 million from October 1, 2018 to February 15, 2019. The Secured Revolving Senior Credit Facility is now supported by a guarantee from Edco Capital Corporation, a company controlled by a significant shareholder of the Company, for an annual fee of 225 basis points.