I've been watching sun for a few months and watch it ride from 22 to current 29 i cant help but wonder if they are going to miss estimates on their next call. There have been several late year events that affected their retail biz but I'm most concerned with their excessive debt with creditors. They took on 300mil acquiring assets last fall and do not have the cash flow to support that so are likely forced to sell off other undeveloped assets.
Based on its submissions to the Securities and Exchange Commission, Sunoco will be allowed to raise its maximum leverage ratio of 6.75 until the end of 2017. After that, it has to follow this step-down schedule:
6.50 at 3/31/2018. 6.25 at 6/30/2018. 6.00 at 9/30/2018. 5.75 at 12/31/2018. 5.50 at 3/31/2019 and thereafter
Anyone else see a potential for sun to miss estimates?
Submitted February 08, 2017 at 07:10AM by jetta713 http://ift.tt/2kH2S4O
