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To: DavidG who wrote (38982)9/24/1998 8:41:00 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
>>The company had a
debt-to-equity ratio
of 1,498.5 percent
at the beginning of
this year, the third
highest among
Korea's top 30
conglomerates.<<

wow, now that is debt. the only thing more frightening is that 2 more companies have higher debt. i never argued that mu's major competitors didn't have serious issues.

keep in mind these facts. desparate sellers very rarely get a good price. that means whoever take sover the ewuipment/fabs has a lower cost basis and their net expenses are lower. i doubt they buy this companies equipment and turn it into a mcdonalds. if the supply is still there, with a lower cost basis, is this good?

also, this company didn't sound like it was in the league of samsung, hyundai and lg - the big boys. lots of little guys are dying or are dead now. it is like a finger in the dike, though. one finger ;-)

good piece, though. thanks.



To: DavidG who wrote (38982)9/26/1998 6:27:00 AM
From: Carl R.  Respond to of 53903
 
Interesting insight into Korea indeed. So a debt to equity ratio of 1500% ranks it 3rd among the 30 largest companies in Korea? Scary what the top two must be... Also I note that 200% is considered normal. In the US that would be on the high side for most industries.

Carl