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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (78402)	10/29/2025 8:31:18 AM
From: Elroy	Read Replies (1) of 78424

The issue is, what if the Go Private group does nothing and NEVER refinances these preferreds. Remember from my earlier posts, their $46 million to go private is a huge leverage play on the accumulated debt: $136 million in preferreds (also have to add in the dividend in arrears) AND the $330 million in specif mortgage debt on their hotels. I can't follow what you're trying to say. What do you think happens if they never refinance the preferreds? Seems really odd to me that they would eventually refinance preferreds at $25 when they can buy them in the market today at $17.

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