Nov. 13 at 9:02 PM
$FLUT on the current debt they have ~
$642M in interest in the NTM. CapEx is ~
$850M.
$1.5B in fixed expenses to cover day one of the year
Lets say that somehow their Q4 cash flow is flat - that would be ~
$700M best case FCF for the year for a 2% FCF yield on the equity with the huge debt overhang. I just do not get it