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Lightstream repurchases shares
Posted: Mon Nov 10, 2014 9:09 am
by k1f
Re: Lightstream repurchases shares
Posted: Mon Nov 10, 2014 9:58 am
by bobs
This strategy by management makes sense for almost all our beaten up E & Ps if they have some cash around.
Re: Lightstream repurchases shares
Posted: Mon Nov 10, 2014 10:29 am
by dan_s
I can tell you that Lightstream management thinks the shares are grossly undervalued by the market. I think the break-up value is AT LEAST $7/share.
Re: Lightstream repurchases shares
Posted: Thu Nov 13, 2014 9:01 am
by llm_cfp
Dan,
how do you think they would fund the buy-back? cash or loc? it would make sense to purchase/cancel shares that yield a percentage above the revolvers' interest rate(arbitrage) until revolving debt is semi close to total debt/ebita convenants...what do you think?
Re: Lightstream repurchases shares
Posted: Thu Nov 13, 2014 11:52 am
by dan_s
Hard to tell, but they should have enough free cash flow from operations to fund some buybacks.