InvestorsHub Logo
Followers 20
Posts 1722
Boards Moderated 0
Alias Born 11/17/2009

Re: Patswil post# 413871

Friday, 05/26/2017 2:21:26 AM

Friday, May 26, 2017 2:21:26 AM

Post# of 788995
So you're assuming no recap, no preferred (senior or junior), no warrants, and a PE that indicates a WACC of 5.88% even though their interest on assets & debt greatly exceeds that.

The fact is, there's warrants, there's preferreds, interest on assets and debt is currently 6.84%, a recap will happen, and normalized earnings are closer to $10.5b.

"The first sound they'll hear is their heads hitting the floor"...a second time.