If the banks take a big haircut you can be assured that they will ensure all free cash flow goes to them and no a cent to shareholders. They are senior lenders ranking higher than shareholders. They are just going to take a 50% cut in their debt so that SHG can survive without ensuring they earn that back, if that's Popsicle, before shareholders.
SGH Price at posting:
17.5¢ Sentiment: Sell Disclosure: Not Held
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