4min chapter

After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments cover image

067: Should I sell Prosus and buy Tencent? Why is Warren Buffett buying Occidental?

After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments

CHAPTER

Using Free Cash Flow to Pay Down Debt

The stock price of rank collapsed because they're stuck with all this debt. They bought similar assets in the central basin platform from, i think, a private equity company,. The way they funded that acquisition is with 200 million of cash and then 230 million dollars of ring stock. Now thethe debt is going to go from 280 million to 435 to 475 million. So the debt's going up. And the fully diluded shares outstanding aregoing to go from 126 point six million to 190 point five million.

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