I saw this yesterday and wanted to know, what does this guy know that we all do not?
Apparently he is not afraid of the debt number.
3 replies (most recent on top)
Just as a frame of reference, an 8.8% equity stake corresponds to ~$378,400,000 of the total debt. Not future liabilities, just current debt.
This is how jacked the debt is. Their measly 8.8% ownership translates to a share of the debt that is higher than the entire cap.
167 days until LP's Change of Control parachute expires.
@OP Meanwhile Blackrock dumped 43%, hmmm.
Probably forgot due diligence like Ichan did...