debt concerns me the most. they have been spending around $80m pa on investment activities and only generate $20m net cash from operating, makes their negative cash flow year after year. currently cash EBITDA only 2x of their finance cost, together with their over $450m debt and further aggressive MIS redemption, i think we will see another CR next year and i have no idea how they can reduce their debt level.
TFC Price at posting:
$1.57 Sentiment: Hold Disclosure: Held
