hmmm...a 54m reduction in collections (1/3rd of the total) only results in a 7m impact to NPAT?
And surely coming back to a ~50m annual PDL purchasing is going to have a significant impact on collections & revenues in future years.....I'm not sure how they solve for this apart from a CR or renegotiating their debt with some headroom, but not sure mgmt have the trust of shareholders or bankers to to give them more funds given their track record.
CLH Price at posting:
$1.09 Sentiment: Sell Disclosure: Held