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Yeah, that debt will be paid off, but

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Phaedrus77   Thursday, 08/16/18 11:54:20 AM
Re: MrT11 post# 569
Post # of 625 
Yeah, that debt will be paid off, but they’ll have no cash (due to paying off the debt), so they’ll need to finance the 3 new machines they’re buying this year. That’s what I meant about the treadmill.

If you look at the last 10-Q, they’ve repaid $4.5 million of debt ytd (see Statement of Cash Flows), but total LT debt has only dropped about $200k.

I wouldn’t expect total debt to start dropping until they are done with all the growrh capex. Of course, growing sales (and income) means their credit metrics will still improve even if debt doesn’t drop.

I really wish they’d do a rights offering and use the proceeds to pay down debt. I think the stock would get re-rated if they did that.

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