RE: Does this statement suggest no imminent RI ?24 Jun 2025 15:32
I know they blocked an RI several years ago.
The most reassuring part of today's statement is that they seem likely to beat last years earnings if 187 million without school buses, which assuming today's guidance is believable, means this sale will reduce capex organically and at last actually allow for organic debt reduction.
The other pleasing aspect today is it would seem they have a new IR person, and maybe they will actually do their job title unlike that waste of space John Dean.
Good riddance if he's gone.