3 ms·
Seems a pretty risky bargain for Prem to put $250m at risk with their cash pile dwindling day by day and likely costs of shutting down various parts of the busi
by robk 13y ago
Seems a pretty risky bargain for Prem to put $250m at risk with their cash pile dwindling day by day and likely costs of shutting down various parts of the business.
If I were a buyer I'd be just sitting and waiting for them to get more and more desperate.
- RockyMcNuts 13y agoclearly, the buyer(s) is/are waiting for them to get more desperate. but Watsa gets paid before stockholders, company has $2.3b in cash per Yahoo Finance. Might have costs in laying off/shutting down, but also have assets and income streams. Not clear they are hemorrhaging cash, they lay off employees, stop investing, they stem the bleeding. Google Finance has good cash flow charts - https://www.google.com/finance?q=NASDAQ%3ABBRY&fstype=ii&ei=WdZ3UuDaAYy0lwOa8QE https://www.google.com/finance?q=NASDAQ%3ABBRY&fstype=ii&ei=... Believe it or not... not all companies need to constantly raise funds or go out of business... legacy companies have positive cash flows. Prem's momma didn't raise no fool.