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Strategies & Market Trends : Paint The Table

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To: Augustus Gloop who wrote (3483)11/28/2001 4:20:17 PM
From: Logain Ablar   of 23786
 
Gloop:

From what I've read the assets are secured by debt as well as other committments. As an example the prized pipeline assets were secured by the recent debt infustion from JPM and C. The actual company stock those assets are in was just secured by DYN with its cash infushion. I think I read its like $4B of debt / equity secured by a company generating $75M of income.

I'd say the assets are not worth much.

It will be trading in the teens soon (as in pennies not dollars) so don't wait too long.

All is in my humble opinion of course.
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