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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: James Lee Baldwin who wrote (11952)2/16/1999 3:16:00 PM
From: Joe Copia  Read Replies (4) | Respond to of 25711
 
If CNBC said "GBFE is going Chapter 11 and the stock is worthless"
I think they will be advised by their legal department to retract.

From what I know the company has a 25mil credit line with GBFE, LLC and has talked to all its creditors.

Also, only Disney can kill the buy-out rumor since the CEO is quoted as saying just that !! He has not denied it.

Joe PTG&LI !!!