Bankruptcy Predictor Model Message Board

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Strategies & Market Trends : Bankruptcy Predictor Model

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To: majorgolf who wrote (336)	4/24/1999 4:20:00 PM
From: Mad2	of 477

GCR has rebounded quite a bit from their lows. Allthough the cyclicals seem to be comming back, this one appears to be a bit of a gamble. Negative book value, closed mill that is on the books at 9mil but can't be opened and operated profitably or sold (at the current time), boatloads of Y2K issues and a business that is forgoing routine maintence to maintaine revenue and keep capital spending down. I think the dollar will have to weaken quite a bit and Asia will have to rebound strongly for this one to have a chance of surviving long term. Gaylords best chance is probably to be taken over and there in my lay the value of GCR.

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