It's difficult to measure this offer as little is known about how the bidder would finance the transaction. While our initial feeling is to ignore the offer, it is academically possible that the bidder could receive funding, making this offer real.
More Quotes from Jon Cartwright:
They are moving back to their core business, which is power production, and they will try to sell all the support businesses.Jon Cartwright
Bondholders need more details, but anything that would prevent a bankruptcy certainly would be a positive. It's hard to make this situation more complex than it is.
Jon Cartwright
It's hard to read the press release without drawing conclusions that the board is now willing to take more aggressive steps toward restructuring.
Jon Cartwright
The company has to sell off assets in order to substantially reduce debt prior to emerging from bankruptcy.
Jon Cartwright
Readers Who Like This Quotation Also Like:
Based on Topics: Emotions QuotesIt takes a lot of energy to teach.
Dabney Coleman
What most people don't seem to realize is that there is just as much money to be made out of the wreckage of a civilization as from the upbuilding of one.
Margaret Mitchell
We pray that the deceitful race - such hateful enemies and blasphemers of the name of Christ - be not allowed to further infect and trouble this new colony.
Peter Stuyvesant