MB announced today that they intends to buy back 20M$ in debenture on wich they are now paying a 10% interest.
This move is really interesting as they simply save 2M$ in yearly interest and that means close to 0,0075 per share profit increase.
Will MB staty where they are NO WAY.
Expect some kind of rally to about 0,65 rapidly.
This move is really interesting as they simply save 2M$ in yearly interest and that means close to 0,0075 per share profit increase.
Will MB staty where they are NO WAY.
Expect some kind of rally to about 0,65 rapidly.
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