Looks like we spent 70 million of the DIP money in just over a month.corporate and their lawyers and committees got over 5 million between them.made over 900million and netted 2 million this should last 10 months.
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The debt has nothing to do with profit.
The bond continues to climb from all time lows. Trading at $19 now. Was really low at like $12.
The idea is, why would anyone buy the debt unless they know its going to be paid.
Dairy industry isn’t dying. Many companies in the dairy industry are making money because most who sell fluid milk have other products and fluid milk is a smaller part of what they do.
Stupid unnecessary loans used to pay a dividend that mostly benefited Gregg Engels and his cronies and selling off most everything that wasn’t fluid milk were the biggest contributors to Dean Foods downfall.
You think anyone wants to buy Dean Foods debt? That company hasn’t made a profit in 14 QTR...the dairy industry is dying
The bond price is climbing - I am only speculating - something must be brewing to cause people to buy the debt.
Anyone know anything about the situation?