Hey Hawkbud, It's a junkie stock for a blue chip company. You...

Hey Hawkbud,

It's a junkie stock for a blue chip company. You will rarely see this case. And to me this is a great opportunity. I am trying to be realistic, not brave, but to me, these results are 3.5 stars out of 5. This is a short  official summary:

YEAR TO DATE KEY METRICS AS OF 30 SEPTEMBER 2017 (compared to 30 SEPTEMBER 2016): REVENUE – Up $70M (14%) driven by higher volume  PRICING – Down circa 1% driven by initiatives to reduce excess inventory 
ADJUSTED EBITDA – Up $6M (21%) on improved volume, productivity and efficiency 
CASH FROM OPERATING ACTIVITIES – $92M used, $36M higher YOY driven $54M in restructuring expenses. 
OPERATING MARGIN – Up $19M  ADJUSTED NET PROFIT AFTER TAX – Up $31M (37%) 
NET DEBT – US$78M (13%) lower with the recapitalisation program now complete

So, revenue is + 14% for short term is good but, for long-term, they need more money to pay their debt.
Approx they regularly need over 100M revenue per term to pay their debt and survive which might be doable in the next two terms. And I believe they will improve again in the next terms.

Again these are my thoughts only. Everyone DYOR.
I hope no one bought their shares using a credit card.

Otherwise, depends on how patient you are and how much you hope for.
What do you think about it?

Overall, I personally believe that the stock will have a huge jump in the next week(s) as the price now is at an extreme low for a very distressed stock that has a lot of potential.


All the best mate!