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SPACs Are Bonds, Actually | Louis Camhi
Forward Guidance
The Reverse Split of a Profitable Company
The company is down 95% from peak and probably about 80% down, 90% down from original IPO. The EBITDA forecast in November 2021 were for this company to use $680 million in 2023. As of now, that's been reduced to 453million. But the market cap is 684 million. There's a lot of interest taxes, depreciation, and amortization. Well, also a lot of debt.
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