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RMIX must delever their balance sheet if they are to survive. Scores of companies have done this in past few mopnths. There is an overwhelming demand for junk bonds. They are the #1 highest return on investment this year (52%+ just for first 9 months of year)....RMIX has bought back $12 million+/- of these bonds in open market at about 35-50% below facein last 9 months, one of the reasons they have held up in value last few days. I don't see many getting bought back next few months. The bondholders will end up owning 90%+ of this company one way or the other.....in bankruptcy or by a equity swap for bonds IMVHO. DaninFW
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| Subject | Author | Rating | Time of Post (ET) | ||
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I have traded RMIX stock for years since it was $8-9 an...
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daninfw04 | Rate it | 5-Nov-09 10:50 pm | ||
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I agree with your analysis that management will do...
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ladaclay | Rate it | 6-Nov-09 09:15 am | ||
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Hey daninfw04,
I've been missing you from the B...
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suziecue57 | Rate it | 6-Nov-09 02:01 pm | ||
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I still hold almost $200K face in Boise Casca...
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daninfw04 | Rate it | 6-Nov-09 04:29 pm | ||
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Well, you make a good point. Maybe the b...
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joltingjose... | Rate it | 6-Nov-09 05:22 pm | ||
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Re: What to Expect
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daninfw04 | Not rated | 6-Nov-09 06:55 pm | ||
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either you are on us concrete 's payroll or high o...
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adventure92... | Rate it | 6-Nov-09 10:22 am | ||
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Why can't RMIX run their company to make a profit....
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dpallia | Rate it | 11-Nov-09 06:16 pm | ||
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I am used to being ridiculed when I post many...
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daninfw04 | Rate it | 6-Nov-09 12:43 pm | ||
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circumstances/challenges surrounding thi...
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adventure92... | Rate it | 6-Nov-09 12:57 pm | ||
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I will agree that the company will probably d...
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joltingjose... | (1 Rating) | 6-Nov-09 12:49 pm |
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