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Non-Tech : Boston Market (BOSTQ)

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To: PaperChase who wrote (1459)	10/6/1998 2:59:00 PM
From: paul goldstein	of 1567

PAPER CHASE, i agre with your thinking. my only thinking that is different than yours is,, the company is all ready in business.it can't change anything except to go foward.. so what can they do besides go chapter seven, or is it ten>>??? so with 11 its ,,lets make a deal.any deal will do at this point., bond holders have two choices. they can say no to everything and get liquidated value.which is about even i can't figure out how much.maybe TEN CENTS ON THE BUCK./ or, make a deal and take value less paper shares with the hope that wiping out 800 million in debt and its interest payments gives them time to figure out how to make the stores profitable. yes, the fifty cnets could be shorts covering. so in next few days it should calm down. figure no one will buy the common..it means it should dry up trading. then we see what the rreorganization deal is. what other choices are there other than new common for debt?? new preferred? don't think so as it means paying new interest. better to give cheap paper// funny, no one else has any ideas on how to play this one out for bost.. just pretend its a harvard case study and you need an A for the course

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