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Strategies & Market Trends : Coming Financial Collapse Moderated -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (77)6/12/2001 6:30:51 PM
From: Box-By-The-Riviera™  Respond to of 974
 
u beat me to that one!

only a month or so ago they floated that strangely arranged bond deal...

ho ho ho!!!

now they tell me! it was junk.

aka: robbing paula to pay peter.



To: yard_man who wrote (77)6/12/2001 8:01:03 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 974
 
about time too..i have grave doubts about the co., in spite of its executives optimism.

so far this year, junk bond defaults have already surpassed both the defaults of the entire last year, as well as the ytd issuance at this point in time last year. there's a credit crunch coming...a BAD one.


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