SRS spicers limited
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Quackie,If Paperlinx ever returns to profitability, PXUPA...

  1. imunro
    180 Posts.
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    05/07/13
    11:46
    Post #: 11968747
    Quackie,

    If Paperlinx ever returns to profitability, PXUPA holders won't accept pennies in the dollar for their securities. And even pre GFC, annual EBIT was < $200MM, so Paperlinx won't be taking out $285MM in hybrids anytime soon.

    I am looking at PXUPA as an inexpensive call option on the eventual recovery of Paperlinx. I am not interested in low ball offers or conversion at anything other than the ratio published in the PDS. For me, it's $100 or bust.
    SRS Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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