TPI transpacific industries group ltd

my guess is that the sp is heading south due to pending...

  1. 183 Posts.
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    my guess is that the sp is heading south due to pending conversion of $250m of hybrids vs current mkt cap $917m, ie a lot of dilution! They either convert or pay an increased coupon of 2.5% on top of existing 3.5%. Don't beleive they have sufficient room under existing debt facilitites to repay.
 
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