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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (109839)6/22/2001 9:24:58 AM
From: Earlie  Read Replies (1) of 436258
 
Les:

This whole situation is following ancient prescriptions. Can't close the plants or scale back production because the DEBT LOAD needs to be serviced. Forget profit, just keep the banks at bay by churning the products out. And if that just intensifies the price wars, then so be it.

Having looked quickly at MU's numbers, one has to come to the conclusion that something has to give. These guys still have a decent cash stash, but it evaporates quickly in this type of environment. It speaks to the stubbornesss (or "I'm trapped" mentality) of the funds that continue to hold this airplant up. I'm not short the stock.

Best, Earlie
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