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Iconix Turnaround?

April 9th, 2019 · No Comments

  • Buying shares of a company plagued by large debts experiencing revenue growth mishaps is always going to be an act of faith at least in part.
  • However, if the revenue stabilizes, the $30M of cost-cutting alone can go a long way to keep the company solvable, given the company produces considerable cash flow.
  • But the prime imperative is restructuring or refinancing its Senior Secured Notes to avoid interest rates rising to 10%+ next year.
  • So this could be an interesting turnaround story, given that equity has almost evaporated, but there are quite a number of banana skins on the road.

Source: Iconix Turnaround? – Iconix Brand Group, Inc. (NASDAQ:ICON) | Seeking Alpha

Tags: ICON