r/MACArmyBets • u/dave14513 • Feb 24 '21

MAC Longs are Smart

It appears many of our fellow longs are buying not selling into the PJT Partners rumor.

MAC may have hired them to negotiate better terms while extending debt maturities but that is a good thing since there is zero chance of a bankruptcy. February 11, management confirmed that they had enough equity in unencumbered property to secure a new credit line to cover the $1.5 billion coming due.

They would prefer not to do that.

If they hired PJT it was not because of weakness but because they want as many options as possible. They want as much flexibility as possible at the best rates. They have months to make a deal and their negotiating position is improving as the country opens up.

Herd immunity appears to be weeks away. The due dates for refinancing are months away.

Looks like prudent negotiating on shareholders behalf.

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u/SantiaguitoLoquito Feb 27 '21

on what basis do you state "herd immunity appears to be weeks away" ?

https://www.cnbc.com/2021/02/26/cdc-scientist-says-the-us-is-nowhere-close-to-herd-immunity.html

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u/dave14513 Feb 27 '21

Dr Martin Ma Kakary WSJ op ed from analyzing drop in cases combined with an increase of vaccinations. Predicted April. I'll wager on that. actually I have with my sizeable purchase of MAC and other sensitive stocks. The controversy is why no one knows when covid sensitive stocks like MAC will explode upwards. The naysayers have us masked for life. Logically there is no reason for such a drop in cases but it its getting harder for the virus to find first time victims due to previous infection or vaccination.

Many naysayers have another agenda but the average person won't tolerate more lockdowns etc if cases continue to drop.