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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)China reopensCanadian Tire, Savaria & XLIThey are undergoing a turnaround. Last fall they were looking at strategic alternatives, which led them to sell about $150 million of assets and to pay off their bank loan. Unfortunately, they still have over $90 million of convertible debentures, paying about 7.5% that they have to deal with. Has huge potential upside, but it is a very dangerous situation. Has the same old management that got them into troubles in the first place
Had a bit of a debt problem so they’ve been selling off assets, which has brought their overall gross cash flow down, but it has cleaned up their balance sheet. Thinks they have a bit of a shot here. Doesn’t own the stock, but owns convertible debentures that are trading $.85 on the dollar. This gives you equity like returns with a bond here if it matures at par in a couple of years. Play this one through convertible debentures.
Anderson Energy Ltd. is a OTC stock, trading under the symbol AND-T on the (). It is usually referred to as or AND-T
In the last year, there was no coverage of Anderson Energy Ltd. published on Stockchase.
Anderson Energy Ltd. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Anderson Energy Ltd..
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0 stock analysts on Stockchase covered Anderson Energy Ltd. In the last year. It is a trending stock that is worth watching.
On , Anderson Energy Ltd. (AND-T) stock closed at a price of $.