scorpioncapital Posted November 27, 2013 Share Posted November 27, 2013 Recently the stock has tanked to $10/share due to inability to refinance debt. This company is highly leveraged but has the cash flow to cover the debt payments even at 10%. The coverage ratio appears to be a bit over 2x. Some have speculated the inability to refinance was due to a pending lawsuit as it should not be that hard to refinance in this market at that rate. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now