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Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?


To: Rational who wrote (1409)10/25/1997 5:41:00 PM
From: Ray Dopkins  Read Replies (2) | Respond to of 2544
 
>>I did not quite understand if you believe that CTYS will go to Chapter 11 or that >>it will be cleaned up by BS.

If there is integrity in the loan portfolio, I'm confident BS
will clean things up without delay. Also, you can be sure M. Price
will be instrumental in any turnaround.

>>It is not really important if we guess one way or the other.

Well, it is if one is considering going long on the equity side.
I've yet to do it, but this is one I'd like to play from the debt
side of the balance sheet-- in other words-- buy the bonds.

Ray