Re: First good idea
I listened to the conference call this morning (my first for any stock). I believe most if not all of the questions were asked by analysts currently covering the stock (Peter Lisnic, Chris Glynn, Chris Manuel that I can recall) Curiously one of them asked for guidance. I'd think they'd know better.
The refinancing was of course mentioned a few times. Questioners were worried about interest rate risk from waiting. Zimmerman, the CEO said that they were going to look again after Labor Day. From what I understand, their reasoning was sound. They want this credit mess to wash over some, as well as display more of their own strength credit wise. It made sense to me.
Dayton sounded upbeat about the third quarter. The weather makes this a favorable quarter. Varous industry reports also sounded optimistic for next year. Zimmerman said the election year would be good because politicians want to build infrastructure for their constituents.
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