CELU
📉 Celulosa Argentina announced it’s hiring advisors (Balo Columbus) to analyze strategic alternatives for restructuring its debt profile, signaling potential payment difficulties on its corporate bonds (ONs).
❓ The company’s stock price plummeted 85% in the months *before* the debt restructuring announcement was made public, raising concerns and questions about potential insider information leakage prior to the news.
🤔 Despite the speaker expressing personal dislike for the company based on past experiences as a supplier, it was noted some related purchases were made around the announcement (potentially bonds), indicating a complex investment situation.
@ClaveBursatilTV:
“Yesterday, yesterday, the 7th, yes, yesterday at the market close, the statement from Celulosa came out saying, ‘The most important thing is this, right? We are addressing you to inform you that the company, Celulosa, within the framework of a challenging situation characterized by a complex macroeconomic context, added to external factors in the industry, etc., has decided to hire the services of Balo Columbus, a financial advisor specialized in investment banking, with the objective of analyzing strategic alternatives…’ What gibberish, right? ‘…oriented towards restructuring its debt profile.’ Basically, you’re not going to pay the ONS [Obligaciones Negociables / Corporate Bonds]. For me, they told Chat GPT, ‘Hey, look, I’m not going to pay, but state it in the strangest and most intricate way you can.’ Well, here it is, right? ‘…the objective of analyzing strategic alternatives oriented towards restructuring its debt profile.’ It has invited the financial creditors of the company to a meeting today, Tuesday the 8th. I don’t know if you who hold Celulosa bonds went, but one thing I’d like to separate is, it’s one thing for a company to do poorly and fall in the market or not be able to pay its bonds, and there are two other things that I think shouldn’t happen. The first is this. Let’s see, and coincidentally, Celulosa, before announcing this… I think it must have been a coincidence, but it dropped 85% in the last few months, and after doing that, it revealed it couldn’t pay the bonds. I wonder, I want to think it was a coincidence, that everyone who was selling just didn’t want to hold Celulosa anymore, they didn’t know what was going to happen. It must have been a coincidence. Don’t tell me they had inside information. And we don’t know, we’d have to ask them. Well, the folks in the chat won’t let me lie. I don’t like the company, I never liked it. I’ve told you many times, I’ve worked with them as a supplier. It’s really a company that I dislike, very much so. Well, the folks already know, they know. Even so, today I bought something…”
Watch the exact part of the video where Clave Bursátil TV talks about Celulosa Argentina S.A. here:
Watch the video on YouTube
Read more articles analyzing Celulosa Argentina S.A. (CELU) at the provided link. CELU stock.
