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Post# of 290030
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baldingcontrarian

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baldingcontrarian

Re: ap17 post# 274493

Sunday, 12/30/2018 5:42:56 PM

Sunday, December 30, 2018 5:42:56 PM

Post# of 290030
These guys burn thru capital like they hate it.

What kind of masochist lender is going to share ownership with equity when the ROIC is -400%?

I’ve been trading troubled company’s since the Enron fallout.

Remember when Buffett capitalized WMB with a multi billion dollar loan at 12% to stave off BK?

Remember when the OCC nearly took over PVN due to bad debt?

Experience and DD trumps all.

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