Is the debt refi really the answer?
Posted this in the O&A article but I don't think it went through...
Will someone please explain to me how we can all be clinging onto the hope of our stock going through the roof (read: back to where most of us bought in at) with debt refinancing? I mean, all we have been hearing about is the debt.
First it was a major hurdle, but now the general consensus seems to be that Feb. and May debt is not an issue and that Dec. ‘09 is the real obstacle.
I just don’t see how the refinancing will do much more then keep the stock price a little higher then where it is now until a few years from now when the company starts generating a positive cash flow.
It seems as though each time we hold hope for a “pop” from some good news, we don’t see it and then rationalize it to the next obstacle in the companies way. There is a daily masochistic routine of posting on these boards where we go through this same talk of debt and refi.
When are we all going to realize that this stock is only going up when the company is operating in the black?