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Strategies & Market Trends : Moufassa's Lair
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To: Silver_Bullet who wrote (2732)12/13/2001 4:59:06 PM
From: Mark Konrad  Read Replies (1) of 13660
 
GX...I don't think a sale is likely before bankruptcy. Who would want to assume that level of debt? No, I think the bankers will simply weigh their own cost of money (which keeps getting cheaper and cheaper) versus the potential profits of having a "performing" loan to GX even at terms that are more favorable to GX. How it'll play out, I don't know, but I do believe the current price reflects near-bankruptcy status and that may be premature. I'd give this dog another day or two (at least) of rumor-trading before taking on anything more than a gambling position. All imo--MK--
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