Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: Bill Wexler who wrote (4497)	7/25/2009 9:18:13 AM
From: RockyBalboa	Read Replies (1) of 6370

Fahrvergnuegen comes to an end. The Porsche gamble leads to its annihilation as it piled up EUR 14B in debt. As of today, porsche is considered insolvent in 14 days without the takeover by volkswagen. The porsche board is ousted, and it is up to Volkswagen to pick up the pieces. A value for the porsche preferred stock is hard to assess but I am evaluating both porsche and vw stock as potential candidates to short; the combined entity will be saddled with a huge pile of debt. Sadly, the end of the gamble does not make its prominent victim, Mr. Merckle alive again. Message 25303220 The scum must go: derstandard.at

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