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Timothy Smith

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Timothy Smith

Re: Mikey Mike post# 249

Thursday, 08/27/2015 3:46:17 AM

Thursday, August 27, 2015 3:46:17 AM

Post# of 825
Principal payments on the company's $7.8 billion debt begin next year. $395 million is due in 2016 and about $1.1 billion from 2017 to 2018.

I project liquidity strain for the company as cash dwindles from $611 million at Q2 2015 to approximately $101 million by the end of 2016.

WFT is down about 60% over the past year to $7.70. The stock appears cheap compared to a year ago; however, WFT still trades at 8.8x trailing 12 months EBITDA which is hardly cheap given its financial straits.

The bond market appears to be telling us this.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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