Current shorting is based on the danger of short terms debts and that has now been removed.
I am surprise it is not going back to 50c already !
Most of the $540mil net debts now have been converted to long terms notes:
(1) $100mil cash..
(2) $140mil revolver facility ... 2016
(3) $300mil new senior notes .... 2018
(4) $mil existing senior notes... 2021
No immediate debts repayment until 2016... I am sure business would be back to full steam by then.
Ann: Refinancing Presentation , page-2
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