MCS mcaleese limited
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The debt is too high. Equity value $70m plus debt of $180m is an...

  1. jamwolf
    6,056 Posts.
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    09/12/14
    00:20
    Post #: 14429791
    The debt is too high.

    Equity value $70m plus debt of $180m is an enterprise value of $250 million.

    There must be risks still to the EBITDA forecast of $90-95m. If anything happened to Atlas, it could call into question the debt covenants.

    I reckon this is best watched for a while yet.
    MCS Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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