SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : PATHEON INC. (PTI - TORONTO)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Sladek who wrote (89)6/19/1998 10:50:00 AM
From: 4finger   of 147
 
Hey John

I have not looked at the latest results in detail like yourself, so I may get a surprise when I see the balance sheet. So take my comments with an extra large grain if you please.
Re: your concern that they are boxing themselves into a financing corner and raising the risk of a dilutive equity issue. When they did the last issue to finance the Syntex Court purchase it was suggested that the facility would bring significant excess capacity to Patheon, and that future capital requirements were 5 yrs away assuming great growth. That transaction took place well below replacement cost ($12MM vs $40MM??)as I recall, so levering up the balance sheet a bit does not seem to be such a bad idea.
Yiou have peaked my curiosity on the latest numbers however. thanks
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext