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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Cynic 2005 who wrote (207953)12/4/2002 11:26:14 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
Cynic,

I though they said they were using some cash together with the stock for shoring up the pension fund. I also believe they recently floated some bonds. Either the management is preserving cash because they know something about the future business for survival or they have squandered their cash on pushing the stock to the level it is today, Also recently they have changed their methods of charging their customers. Looked to me like they were allowing deferred payments for services.

I agree this whole thing smells - so many of these mutual fund managers own this stock and wonder when they will abandond the ship.
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