$JE So the new overall debt is roughly $782.256M - $500M (from recap plan) = $282.256M Canadian dollars, which equates to: $282.256 (Canadian) * x = $213.44198720 (USD) -> x = (0.7562 USD)/(1.00 Canadian Dollar) The resulting long-term debt load really is not bad at all! Hell there are companies with more debt, negative operating cashflow, and they still have a higher share price and market cap than JE! Also, I listened to the conference call again and if I understood correctly they will be able to dump $70M (Canadian) towards their long-term debt each year as a result of the recapitalization plan. So shorts, what is wrong with this picture?
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