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Strategies & Market Trends : Bankruptcy Predictor Model

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To: Paul Berliner who wrote (126)	3/22/1999 10:27:00 AM
From: Razorbak	Read Replies (1) of 477

TWA - Comments Paul: The "Wrong!" comments were an attempt at James Cramer style of humor. Sorry you misinterpreted them. Didn't mean for you to take it personally. FWIW, I disagree with your points about positive cash flow... the creditors do care where it comes from, and it's not coming from operations, which is what they're looking for. Furthermore, although not all property is pledged as collateral, most of the planes are, which contradicts what you suggested as an easy source of cash if they need it in an emergency. If you don't believe me, then call the company. Please feel free to point out specifically where my DD on this company is incorrect, and we can discuss further. Thanks. Good luck in your investments. Razor

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