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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: thecalculator who wrote (92451)	7/8/2002 11:57:13 AM
From: Win-Lose-Draw	Respond to of 99280

why...offer debt 1. Everybody and their uncle offered debt to Argentina. Assuming competence on the part of lenders is a mistake. 2. By doing debt rather than taking stock it could be argued Buffet is betting the company will survive but the stock won't. In reorg stock becomes basically worthless: debt does not (necessarily, anyway). 3. $100M to Buffet is like a hocked loogie to you and me. It's peanuts, nothing. I do not know enough of the details to play this either way, I'm just making an observation.