Correct, it is priced for further deterioration in the business segments. As note 3 shows the segements are far from healthy. As i have said before, trying to make money in the stock is akin to picking up pennies while walking in front of a bulldozer.
The covenants have 90m ebitda....double h1 and you get circa 91m ebitda. There is no room for further deteriation
RFG
Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held
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