SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: TRIIBoy who wrote (14724)1/4/2001 9:37:20 AM
From: torquatus  Read Replies (1) | Respond to of 18998
 
Do not overlook that bft has $600 million nol tax asset and that none of that debt is due for a very long time. There looks to be a good deal of fraud at bft--inflating earnings by not including taxes, artificially deflated depreciation--but it is in no danger of going bankrupt, which, as Mr. Pink notes, is reflected in the value of the bonds. The debt collection problems are old news.