-33% EBITDA, announced midway through the second half of the year, with December fast approaching. There is blue-sky attached to BLY once they refinance and restructure and finally prove that they are sustainable in these current industry conditions.
I posted 6 weeks ago that BLY “may” make a loss in this update and was laughed at, told I was a negative poster and down ramper. So far everything I have predicted with BLY has happened except the CR (refinancing). But, as BLY themselves have now commented on it, and looking at their updated position, there is little doubt it will happen. Why am I so certain? The industry conditions that have brought about this loss for BLY have not changed, and are the same if not slightly worse than where they were at the start of the year.
I agree there is blue-sky, an upturn in investment will come, but BLY will not see it straight away, therefore as I have said before, time and debt marches on, and BLY slips further back. There is no fixed line in the sand yet, no definitive proof that BLY is sustainable in this present operating environment. Do not believe that if the status quo is maintained that they are out of the woods.
It is a superb stock to trade, it makes runs, and it falls. You can make money going both ways, and as certain as the sun comes up, the SP slowly gets lower and lower. I’m glad to think that you believe I’m worthy of nomination to BLY’s board(LOL), but I believe my greying destiny, is to take advantage of the boards incompetence.
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