I think this is what you're referring to (from the HY preso):
I'll admit that I'm a little confused by their choice of wording.... but assume it means reducing debt. DCF is based on all estimated future cashflows of the company (from here to eventual liquidation of the company) so is a long term prospect. What they plan to do in the next year impacts on that but only so much.
Anyways change in the environment (such as a sp recovery, or other factors) would change the strategy whether this happens the next year or five years down the track.
I think this is what you're referring to (from the HY preso):...
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66.0¢ |
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Mkt cap ! $114.3M | |||
| Open | High | Low | Value | Volume |
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