Thank you Fat Pat. I don't have the exact numbers in front of me, but we have a loan with JARE (~US$145) at very favourable terms. We could pay it off tomorrow if we wished (we are likely currently sitting on a >$700m cash pile), but as the debt is, on relative terms, cheap, it's better to put money to work.
I'm sure you can see it, but as a very simple analogy - my sister in Sweden was asking if she should pay off her student loan (~$20k) or invest, the answer was simple: invest. The student loan in Sweden has (literarily) 0% interest.. grow the value of the holding and let gains pay the student loan off.
With LYC, I think we pay 2.5% interest rate (~$3.6M/y), which is tiny with current cash flow. So while we could, I'd rather LYC invests and grow the business..
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Last
$6.92 |
Change
-0.140(1.98%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.94 | $6.97 | $6.84 | $15.53M | 2.248M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | $6.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 2500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | 6.900 |
3 | 15610 | 6.890 |
5 | 33363 | 6.880 |
4 | 23308 | 6.870 |
3 | 16510 | 6.860 |
Price($) | Vol. | No. |
---|---|---|
6.930 | 2500 | 2 |
6.940 | 4182 | 4 |
6.950 | 19265 | 4 |
6.960 | 11510 | 2 |
6.970 | 43260 | 3 |
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