Mr Pittman even puts fkp in the same group as the collapsed retirement operator prime trust just to spook you even more into selling .
Sure prime retirement had good assets , at the collapse it did have a big NTA to SP . But you would only need to look at cashflow EDITDA 11 mil to service a loan of 300 mil . Blind Freddy can see that the prime trust EDITDA is not even enough to service the loan . Collapse was inevitable .
Once the EDITDA has deteriorated and there is debt , it is all over every time . Have a look at FKP Ebitda over the last couple years ( very very healthy ) . !!
FKP Price at posting:
$1.33 Sentiment: LT Buy Disclosure: Held
