MYX 0.62% $4.78 mayne pharma group limited

CEO Scott Richards - has to go, page-18

  1. 10,872 Posts.
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    MYX will be leverage free 2022 definitely can take on additional debt 2021 on two conditions.

    1. EBITDA has increased to at least $180M by FY21
    2. Leverage is under 2.5x

    Forecasted FY20 leverage is 1.8x & FY21 1.3x

    It can, will and should take out debt 2022 if EBITDA is $200M then $500M max is more than fine providing it adds to EBITDA immediately.

    Doesnt have to be in the generics business can be in manufacturing and contracting.
 
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