HLD is selling three of its divisions for a current book value profit of $500,000, the total raised will be $17Mill by June07 and will be used to pay down all of HLDs debt.
Immediate impact on earnings will be negative making FY06 a flat earnings year for HLD. However the repayment of debt will increase earnings by $1mill going forward.
The company will focus on aquisitions the provide synergies to the existing business.
HLD is selling three of its divisions for a current book value...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
