my two cents for Hotrock's post.
1. O/S investments problem - it was a problem before but not now after the DUEK JV.
2. Capital raising & assets sale to maintain Lender covenants - it's not likely that vpg will do the capital raising at current SP therefore no worries of dilution. vpg had started assets sale in very earlier stage and now should close to the end of sale to maintain Lender covernants.
3. devaluation of properties - should already be factored in current SP.
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