FTL- Fruit of the Loom Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : FTL- Fruit of the Loom

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: c. carlson who wrote (93)	11/7/2000 7:42:10 AM
From: Arthur Tang	Read Replies (1) of 161

The CEO thinks that they can get out of chapter 11 soon; because they have cash flow. Any quick reorganization will put them right back in bankruptcy; because their cash flow is insufficient to support depreciation and other charges such as inventory devaluation. So, I stop right there. When cash flow is improving, and if they stay in chapter 11, the stock price will be raised. The old debts can be cleaned up by issuing more stock to all the creditors. But they have to work on the financial planning to sell the surplus plants and real estates. They have to work on more new products to expand their current business. They could also lease their plants out to other manufacturers around the world. This is the best way to reorganize out of chapter 11, the smoothest way to get back corporate health. It looks like reorganization plan could be wide open at this point of time.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next