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To: Tunica Albuginea who wrote (2412)	8/16/2000 2:50:40 PM
From: Mr. Pink	Respond to of 4155

you've never heard of it because it is read almost exclusively by professional/institutional investors, not wee wee doctors. Mr. P$nk

To: Tunica Albuginea who wrote (2412)	8/16/2000 4:29:22 PM
From: mrbodine	Respond to of 4155

<You don't throw a company with 17000 people on the street. You fix it, if it can be fixed.< The common people will be fine. It is the common stock that has been issued a DNR. MrBodine

To: Tunica Albuginea who wrote (2412)	8/17/2000 7:42:56 AM
From: RockyBalboa	Respond to of 4155

Maybe it is true that a company is not thrown on the street because of 17000 people. But then, it will be ripped into parts if strong stakeholders thing so and simply want their monies back.... A must read for you is the fall of Heilig Meyers: ---------> Take a look dailynews.yahoo.com Heilig Meyers also had 17000 employees (of which 4400 hang their hats now) Heilig Meyers equity....: "The bankruptcy petition lists assets of $1.35 billion and liabilities of $868 million. The company reported a net loss of $15 million for the quarter ended May 31." By no means it was totally underwater... it has net assets of about 500MM or $9 a share. But the mounting debt load killed it. What does the market think? The common shareholders will likely get close to zero. Stock price $0.5 recently, and the market is never wrong. --------->Take a look at Stone & Webster. It even showed a net profit in their last quarter, and hat a BV of over $20. It will likely be sold for some bucks a share. Again totally unclear whether something will be distributed to common shareholders. Stock price: Around $1. All the result of poor liqidity and & short term debt management as well as conducting flawed business.