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Non-Tech : Boston Market (BOSTQ)

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To: AgAuUSA who wrote (1267)5/29/1998 12:18:00 PM
From: paul goldstein  Read Replies (2) of 1567
 
just for conversation..
anything is possible..but, just my opinion.
the auditors are covering themselves just in case..
as to default.
as long as the banks work with bost with that 100 million credit line, and they will, we will work this out.
they can always sell the real estate and the bagel operation.
that would give them the necessary time to turn this around.
thew debt is servicable and is paid over time..they are bonds that are out there.
now the stock can go to a buck or even less..it does not affect the operation of the company.
only the cash available does.
so far, the only real debt is bond debt.
looks pretty ugly this friday,,
but, for the longs. hope they make it..
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