Wednesday, January 14, 2009

Wait Is Over - Nortel Files for Bankruptcy

Despite our assumption that this would be a Soucá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365rn New York Case, and in fact was a Delaware filing, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 overall parameters turned out right. Turns out cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 $4.5 billion of debt was insurmountable to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Canadian Telco, despite having over $2 billion in cash. Seems NT files without having a DIP in place, which makes sense with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir cash hoard. Granted we hope this is not an indication of Lazard's trust in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 DIP market (none) as we fully expect on average 5-10 companies to have to file for bankruptcy a day in 2009, and with no interim bankruptcy financing, all will have to liquidate outright... guess cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re is a reason why cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y call it a credit bubble.

We hope you managed to sell your bonds yesterday, as today preliminary pricing indicates a range around 17. Also, presumably you managed to sell cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 stock at $900/share in 2000...
Sphere: Related Content
Print this post

0 comments: