Tuesday, February 23, 2010

"RMIX Bankruptcy"

Noticing a lot of Google searches coming here for "RMIX bankruptcy."

As I explained in my post yesterday, I think U.S. Concrete (RMIX) will be able to use a voluntary distressed debt exchange to resolve its financial situation.

However, I think it will be highly dilutive for the current equity, which is starting to catch on (down 8% today).

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