FTL- Fruit of the Loom Message Board

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Non-Tech : FTL- Fruit of the Loom

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To: Arthur Tang who wrote (86)	4/23/2000 10:19:00 AM
From: JLIHAI	Read Replies (1) of 161

I've played some bankruptcy turnarounds in the past. When they work, they can be really good. I've never tried one in textiles. The thing that concerns me is the possibility of any kind of strong pricing in the future and the fact that fierce competition was probably the source of their troubles and that can be a problem that is tough to fix. If I do take a position, I don't think I'll be jumping in with both feet, but at the very least I'm going to watch and learn. The economy will hit a recession eventually. Opportunities abound in that kind of environment. JL

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