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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (78101)	9/13/2025 1:36:48 PM
From: S. maltophilia	1 Recommendation Recommended By E_K_S Read Replies (2) \| Respond to of 78478

and they won't blow up! Probably not. Though, like everything else, there's a reason to yield more than treasuries. Not exactly a growth situation: About as substantial GAAP to EBIDTA adjustment as I remember seeing: substantially breakeven GAAP earnings in the last three years turn into ~ half a billion dollars of EBIDTA 401-K p73 Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units I don't remember what half those words mean. They forgot "convertible." Apparently they cleaned up their act in 2024. I'm not going to delve into where the money came from. p. F-35 Note 7—Long-Term Debt. A long passage starting p.F-25 I don't see immediate default. But there is a risk there. FWIW, an analysis by folks who are paid to do this full time: fitchratings.com Edit: Some updates at fitchratings.com Note the Class D preferred feature.