FWD 1.25% $1.98 fleetwood limited

starting to buy again, page-27

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    For those worrying about the debt situation, I suggest going through the 2013 June yr end balance sheet.

    Break it down, from my observations debt can be covered from current assets.

    + we have cash flow from operations that are higher than profit, so plenty of cash flow to meet CURRENT debt requirements.

    I see two risks here:
    (a) a further significant downturn the erodes current cash flow
    (b) what is the FUTURE debt after completing their current capex requirements.

 
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