
TSE:AND
They 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.
Andlauer Healthcare Group is a Canadian stock, trading under the symbol AND.TO (previously AND-T on Stockchase) on the Toronto Stock Exchange (AND-CT). It is usually referred to as TSX:AND or AND.TO
In the last year, there was no coverage of Andlauer Healthcare Group published on Stockchase.
Andlauer Healthcare Group was recommended as a Top Pick by Laura Lau on 2009-06-30. Read the latest stock experts ratings for Andlauer Healthcare Group.
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0 stock analysts on Stockchase covered Andlauer Healthcare Group in the last year. It is a trending stock that is worth watching.
On 2025-11-04, Andlauer Healthcare Group (AND.TO) stock closed at a price of $54.97.