Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : FTL- Fruit of the Loom -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (123)	8/14/2001 8:58:50 PM
From: Clement	Read Replies (1) \| Respond to of 161

Arthur: > Perhaps you read too much but not able to appreciate > planned obsolescence and replacement(changing from one > style to another). Bikini underwear for men is very > popular. I use it. This is way too much information for any of us. Make the pain go away =). I highly doubt briefs, boxers, boxer-briefs are going to go out of style anytime soon. In any event, point being -- you should read what FTL management attributes to being their downfall -- getting into lines of business that they have no/limited experience with. > People do not lose money willingly, and many don't in the > long run. You are too willing to lose money, your > employer probably would like you to have a haircut. Actually, Arthur, I'm not willing to lose money -- by making comments that would increase the risk of additional loss is simply irresponsible to either the bankers or those who back the vultures. We don't know what price the debt has been sold for -- but who knows, maybe whoever holds the unsecured (public) debt now, or even the bank debt would make a good return by selling the company at a discount now. The point is, it is still highly improbable that the shareholders will survive -- and to suggest otherwise is highly negligent to others not to mention ignorant -- (a) the auction suggests the public market value is lower than even the debt levels, and (b) the restructuring plan does not allow for the conversion of the old equity into the new equity. And then to suggest that they start selling bikini's?!? Sorry, but that's just a stupid idea. I suggestion you read Profit From the Core by Chris Zook. The key to FTL's problem is to focus back on its core strengths -- and fashion, in the sense that you suggest, is not one of them. Clement