You must have misread me TTC. I didn't say, $89.7M is their "net debt"; I merely stated that$89.7M is their total bank borrowings (i.e. "gross debt"). This was in response to the previous poster who noted CGH's cash balance but made no regard for their debt.
Nearly all forms of 'services' stocks are copping it left right and centre right now. NFK's board have today unanimously approved the takeover of their company at a price lower than its most recent close. BLY today down over 10%. MAH sitting just above its 5yr lows. Now CGH is in the firing line. It's truly a survival of the fittest out there.
CGH Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held
