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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Freedom Fighter who wrote (91469)7/15/2001 9:33:46 PM
From: S. maltophilia  Respond to of 132070
 
Wayne-
Each situation is different, but, if the company is reasonably sound, the bank waives its remedies and life goes on. But it usually extracts a bit of a penalty, say a few more basis points of interest or some similar change in the loan terms. The best place to track this is in the loan covenants and amendments thereto in the SEC filings. Tedious but very revealing. The harder the banks squeeze, the more reason to be wary of owning the stock.