Thursday, August 16, 2018 11:54:20 AM
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.
Recent GLGI News
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/16/2024 07:10:55 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 10/17/2023 05:58:48 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/16/2023 08:30:31 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/28/2023 09:28:37 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2023 06:22:11 PM
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