3DO: Hot Games for Hot Machines (THDO) Message Board

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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO)

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To: David Patrick O'Connor who wrote (3775)	2/7/2001 8:31:52 AM
From: Mad2	Read Replies (1) of 4081

Well, I cut bait with NS and got out when it bounced to 3 in Jan. If things turn for steel they could do well, however they're burning cash so fast that I don't think the dollar could plung fast enough (sign of something worse) or demand could increase fast enough, to save these companies. Perhaps the Canadians are in a better situation but I think BS and NS are headed the same direction as LTV. I used to think that because it took 7 years to build a steel mill that the barriers would protect the shareholder. Unfortunatly with a capital intensive business, bondholders need to monitize their collateral, only way is to reorganize as what is a shuttered mill worth....? Besides labor wants to keep jobs, etc....sick industry Good Luck mad2

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