Just For Feet (FEET) Message Board

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Non-Tech : Just For Feet (FEET)

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To: opalapril who wrote (687)	9/22/1999 12:00:00 PM
From: GVTucker	Read Replies (1) of 750

FEET will not declare bankruptcy. It is not in the best interests of FEET or Bank of America (their lead bank) for FEET to declare bankruptcy. FEET is merely using bankruptcy as a threat because it is the only leverage that the company has in negotiating the new credit facility. Bank of America will get this credit facility done because they would MUCH rather have a collateralized loan to an operating, non-bankrupt company than a non-collateralized loan to a company operating under Chapter 11. Today is a great buying opportunity. Odds of FEET declaring bankruptcy within the next quarter are less than 25%. If that doesn't happen, the stock will be at least $3. Great risk/reward at the current 1 7/8.

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