Sharing a comment I did elsewhere; I'll try to have a full write up sometime this week but agree with your general thrust:
I was a little disappointed by the projections- cost/HP seems to be edging up, and the legacy biz is projected to be moderately worse than I projected
that said, we're buying the whole biz at ~5x EBITDA, the fiber projections back up a lot of what i've been saying about them, and a CoC is explicitly allowed in these docs.
I continue to view the risk/reward as quite favorable, adn a transaction as very likely.
Anything worth updating with this news and today's pullback? Seems like a buying opp....?
https://www.sec.gov/Archives/edgar/data/1701051/000110465924108346/tm2426111d1_8k.htm
Sharing a comment I did elsewhere; I'll try to have a full write up sometime this week but agree with your general thrust:
I was a little disappointed by the projections- cost/HP seems to be edging up, and the legacy biz is projected to be moderately worse than I projected
that said, we're buying the whole biz at ~5x EBITDA, the fiber projections back up a lot of what i've been saying about them, and a CoC is explicitly allowed in these docs.
I continue to view the risk/reward as quite favorable, adn a transaction as very likely.
Will have full thoughts in my next update post