what a cheap stock, page-3

If you think this is cheap, hang around, there's a chance it'll get cheaper.

$1200m of net debt, say 7.4% interest rate on this equals $89m.

Say they average 460k a day for the next year in revenues, that's around 420k before GST in revenues. That's around $150m in revenues.

Say their costs over the next year amount to around $50m.

Those kind of numbers means the stock is barely making a profit.

Add in the risk of unfavourable refinancing terms next year and there's not much wriggle room at all.