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> If they could magically become profitable at 10% profit margin, it would take 20+ years to repay the debt. It's hopeless. Why is that hopeless? Maybe I'm too
by mettamage 1y ago
> If they could magically become profitable at 10% profit margin, it would take 20+ years to repay the debt. It's hopeless.
Why is that hopeless? Maybe I'm too green or optimistic but that just requires long-term planning.
Also inflation will make it a bit easier.
One thing I find tough for them personally is that I like the Impossible burger a lot more. I find Beyond meat not tasting like meat, not enough. Since that's the case, I'd rather just have any mushroom/whatever veggie burger. I wonder how other consumers perceive this.
- happyopossum 1y ago> Why is that hopeless? because you can’t take 20 years to pay off debt that is due in 2 years.
- rwmj 1y agoRefinancing, but whoever lends them the money will take a long hard look at the rest of their finances and decide to pass.
- bradly 1y agoThe article mentions this as an agreement between the bondholders and shareholders, I believe, who are both mutually incentivized to come to agreement. If I understood correctly the bondholders agree to a future convertible note of some sort.
- bossyTeacher 1y ago> Why is that hopeless? Maybe I'm too green or optimistic but that just requires long-term planning. They don't have 20 years to pay it off. Debt is due in 2 years
- ChrisRR 1y agoAs they just said. They sold $300M, and made a loss of $150M