Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: EL KABONG!!! who wrote (3430)	6/12/2001 11:59:06 AM
From: RockyBalboa	of 3543

Other trouble.... a good article by Chris Byron msnbc.com .... Perhaps it is thus time to remind ourselves what a bankruptcy filing really is. It is an admission by the company that its fundamental reason for being has failed. The company owes more than it owns, and its bankruptcy filing amounts to a confession that it sees no hope for the situation getting anything but worse. ... Companies go bankrupt because their business strategies turn out, in some way or another, to be fundamentally and fatally flawed: A product gets produced that no one wants to buy … or the product turns out to be something that maims and kills … or a company takes on more debt than its cash flow can support … or some variant...

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