NZSE:FBUBuilding
Fletcher Building (NZSE:FBU): Valuation Check After Major Balance Sheet Restructuring and Liquidity Boost
Fletcher Building (NZSE:FBU) just took a big step in its clean up job on the balance sheet by exiting its US private placement debt, adding fresh bank lines, and extending key covenants to keep liquidity comfortable.
See our latest analysis for Fletcher Building.
Those balance sheet moves seem to be resonating with investors, with a roughly 20 percent 3 month share price return and a 1 year total shareholder return near 28 percent, which suggests momentum is rebuilding after a tough few...