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Re: wadegarret post# 52649

Monday, 08/28/2006 12:17:51 PM

Monday, August 28, 2006 12:17:51 PM

Post# of 173952
Wade, SMTX, don't they have a lot of subordinated debt coming due very soon? If they can't recapitalize and find a new source of funds to extend these maturity dates, there may be some issues because there is not enough organic cash flow to make these payments. IMHO, this appears to definitely be one contributer to the lower multiples being placed on the equity. What are your thoughts?
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