Question. Could Intelsat have done a cash repurchase of their bonds when the shorts were beating down the price?
Didn't the bonds hit a low of like .37 cents, I mean they very well could have bought out their own debt, not?
And if so, at what point do they need to announce that?
I mean, would it be all that hard to convince a creditor to make a new loan when there was guaranteed payment coming to you from government?
Would be an interesting announcement.
Another thought, 4.8 billion divided by 140m shares is $34.28 per share. Then add a free fleet of new satellites. There just seems to be a lot of upside here.
All posts are opinions. I only take long positions on securities. Not a professional by any stretch.