Replies to post #92681 on Savvy Trades and Investments

[2morrowsGains]

RGP...Loan for up to total $250M after strong Q1FY22 results. And it looks to be cheap money. Hmmmmmmm?? RGP has a strong balance sheet. Heck, they have decent cash and have been paying down current debt at a pretty good clip. Looking good (IMO)

From the cc...

- Our balance sheet remains strong and we paid down an additional ten million dollars of outstanding debt under our credit facility in the first quarter. As we look ahead, assuming the macro environment remains stable, we plan to invest in new ERP and talent management systems that will allow us to achieve more efficiency in our back office operations and position us to scale as we continue to grow our top line.

- We are interested in M&A. I mean, we're really pleased with the progress we’ve made with our most recent acquisitions.
I think both Taskforce in particular and Veracity have added some unique capability to help us produce the results that we're showing now in the business, and we still feel there are some gaps where we could move faster if we find the right acquisition target then doing it organically.

[gilead23]

RGP loan

They had their old facility expiring in October so this may not mean anything beyond a replacement of their old credit facility although it is larger than the old one so it certainly gives them room for a large acquisition if they wanted to.