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Strategies & Market Trends : The picks
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To: p. webster who wrote (3916)2/5/1997 10:38:00 AM
From: Mark   of 6124
 
**MN**

RE: MFN

Real risky. Per Wall Street Journal yesterday, the new CEO spent all day on Monday trying to get 50 million from the banks to pay off the 100 million. So far - no takers. The same banks, who before last week's announcements had lines of credits for MFN of up to 500 million.

You're taking a big chance, but the downside is minimal. Can't see this dropping by more then another 3/8 or so, unless they declare Chapter 11. Then, all bets are off.

IMHO, of course.

Mark
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