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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: westpacific who wrote (58287)4/29/2002 11:34:39 AM
From: Rock_nj  Read Replies (2) of 99280
 
Hey, look at how fast K-Mart unraveled into bankruptcy. Nobody was sure if they were going BK or not, but the stock kept falling and BK soon followed. I hope WCOM doesn't go BK, but I read that even their CEO might have to file for BK soon, because he owes the company $264 million. WCOM certainly is showing all the signs of an impending BK. I have to admit, I don't know a lot about their balance sheets and am just making that determination based on stock price action.
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