BLOOMIN' BRANDS INC BLMN
May 27, 2022 - 10:26am EST by
member
| 2022 | 2023 | ||||||
| Price: | 20.96 | EPS | 2.58 | 2.85 | |||
| Shares Out. (in M): | 89 | P/E | 8.1 | 7.3 | |||
| Market Cap (in $M): | 1,859 | P/FCF | 0 | 0 | |||
| Net Debt (in $M): | 624 | EBIT | 0 | 0 | |||
| TEV (in $M): | 2,484 | TEV/EBIT | 0 | 0 | |||
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| 53 | |
hometown ruling is in and reality is starting to sink on HE.
1) after 2Q, the market seemed to realize that perhaps the $2bn bill MIGHT avoid a bk ... but how in the world does... login to read the rest | |
| 52 | |
here is how I am thinking about this.
HE stock is long if you think that the state allows HE to raise rates to issue a securitization which allows them to fund $1.0-1.5bn+ of HE's liability. ... login to read the rest | |
| 51 | |
Yes. I am trying to make it clear to all that subro claims are clearly up against hometowning. I don’t have a great sense for the subro batna, other alternatives and their cost/benefit. If... login to read the rest | |
| 49 | |
this is very odd. the subro's just filed an objection. The market seems to be assuming that this settlement works. to be clear, I don't get how HE and the state came up w a... login to read the rest | |
| 48 | |
Trying to figure out what is happening here. I don’t see how insurance subro claims can be forced to accept far less than par after they were defrauded by HE, especially as HE has far... login to read the rest | |
| 46 | |
sounds like the hold out threshold is 100%.
https://www.civilbeat.org/2024/07/heco-joins-with-wildfire-plaintiffs-in-asking-maui-judge-to-help-break-settlement-logjam/ | |
| 45 | |
thinking more... if the $2.5bn is from a securitization rather than state debt, this seems to suggest that HE is "on it's own" to find $1.5bn. if so, then the upside on the stock seems... login to read the rest | |
| 44 | |
there is a chance that the $2.5bn is funded via securitization too - rather than state debt. The local reaction to miniscule rate increases has been violent. This is NOT going to go over well... login to read the rest | |
| 43 | |
sounds like there is trouble in paradise. why settle for $4bn when you can get more?
FAIL: Hawaiian Electric Among Firms in $4 Billion Maui Fire Deal > Hawaii Free Press
Maui Fire Victims Sue Insurers To... login to read the rest | |
| 42 | |
Bloomberg reporting a settlement has been reached and HE’s portion is ~$1.5b.
“It’s still unclear how the $4 billion in liability will be divided among the companies and governments, the people said. They noted Hawaiian Electric... login to read the rest | |
| 41 | |
if this was super compelling to HE, I suspect it would be leaked in some way too. | |
| 40 | |
hard to know what is going on here. is this the mediator trying to force counter-parties to contemplate an official settlement that many will say no to? or are they close to a deal?
the lawyers... login to read the rest | |
| 39 | |
HONOLULU (KHON2) — A massive settlement resolving all claims and lawsuits over the Maui wildfires could be on the table as soon as next week. A Maui County Council committee late Tuesday advanced a measure... login to read the rest | |
| 37 | |
...or maybe the feds have evidence that it was the fire department's fault for misjudging the situation so they're letting the fire department defend themselves in the addendum
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| 36 | |
I suspect the stock is down bc... 1) how do you own HE with the extremely high risk of a highly damaging report 2) why not press short knowing the end might be near.
as to... login to read the rest | |
| 35 | |
Thanks. and any idea why the stock is -10% today? | |
| 33 | |
The question was more so why didn't the ATF just release the report immediately? Why is it in the Maui Fire Dept's hands without a release date? Could this imply the report is damning for... login to read the rest | |
| 31 | |
Motherlode/others,
What do you make of the ATF report being an addendum to the Maui Fire Department's own release (of unstated date)? Could this indicate the report places more blame on the fire department (and therefore... login to read the rest | |
| 29 | |
ha. well. Looks easy in hindsight I suppose. | |
| 27 | |
It appears we are approaching end game as the ATF has reportedly handed its report to the Maui Fire Department. This will settle the debate on the following. Was there one fire that HE has... login to read the rest | |
| 26 | |
actually two comments during Q&A were interesting. the last engine passed the point of the 2nd fire 5 minutes before the 911 call. they didn't see any smoke or fire when they left.
1) for this... login to read the rest | |
| 25 | |
this press conference was a joke. nothing material came out it. | |
| 23 | |
The Maui Fire Department is giving a press conference today at 3pm. This comes the day before the AG report. The following is a conspiracy theory. However, I doubt the fire department is going to... login to read the rest | |
| 22 | |
big day tomorrow. It is my UNEDUCATED but skeptical view that this is a very political document with feedback from the Governor. Leaks are suggesting the report clears the firefighters of wrong doing. If so,... login to read the rest | |
| 21 | |
Hey,
sorry missed your post on securitization. The securitization bill was never aimed to address legacy fires to my knowledge. It was proposed to provide a mechanism to address future fires, fund capex to reduce risk,... login to read the rest | |
| 18 | |
It is not HE's fault. Even if it is, it doesn't matter. A single event that impacted 1% of HE customers will wipe 100% of the capital structure? All the while leaving the other 99%... login to read the rest | |
| 17 | |
a lot of people seem to be focused on sharing and how HE weasels out of this. This call option strikes me as a deep out of the money. A far more likely scenario than... login to read the rest | |
| 15 | |
if the state of Hawaii thinks its going to pay a lot, its going to be even more anxious for HE's equity and bond holders to fund more of this liability. at which point, one | |
| 14 | |
just to be clear, I am not a lawyer. I pulled that from the internet on negligence.
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| 13 | |
that wasn't entertaining!
the county and school district have zero claims paying ability. You can disregard them effectively. the state obviously has far more resources. I THINK the question is whether the state's PUC was negligent. ... login to read the rest | |