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Strategies & Market Trends : Bankruptcy Predictor Model -- Ignore unavailable to you. Want to Upgrade?

To: Razorbak who wrote (98)3/22/1999 9:34:00 AM
From: Paul Berliner  Read Replies (2) | Respond to of 477
 
TWA - Positive cash flow meaning Net Change in Cash! - the Company simply had more cash for the 9 months ended 9/98 than it started with. I don't think that the creditors care where its from - and not all property is pledged as collateral. The airline will survive.
Most unprofitable companies that achieve positive cash flow derive it
from investing activites (such as sales if investments) or financing
activities (such as issuances of stock & debt). Also, no need to
turn this debate into a Jerry Springer episode - lets keep our tones
friendly - we're here to learn from eachother after all.



To: Razorbak who wrote (98)3/26/1999 4:32:00 PM
From: still learning  Read Replies (1) | Respond to of 477
 
So Razor, what do you think of the TWA bonds. Some of their sr. debs are currently yielding North of 25%? Even factoring in the risk, it may be worth the return if TWA makes it thru the next 4-5 years.

Ther are a lot of if there and I don't know many detaiuls about their bond structure -- seniority, call provisions, collateralization.

But in general, would you spend the time giving them a closer look?

TIA


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