That's my take as well Dex and in line with my view that the new team will strike a deal at some point on the debt front that will involve a reasonable dilution of us shareholders (I would expect Maoming to protect its interest and therfore our interests as well). From there, there is plenty of upside since I believe Peter Cockcroft and his revamped team will be able to develop existing assets and grow the already-large EGL portfolio of assets in Europe.
I don't see why EGl will not reach again its previous highs within the next 12 months with this next team and dynamic in place.
Call me an optimist if you want but these are the reasons why I am holding this stock.The risk reward is still very favorable!!
Bartom
EPG Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held