I think the banks will make the revolver available if they get collateral. Collateral covers a multitude of sins.
More Quotes from Shelly Lombard:
Today's announcement didn't do anything to calm my fears. They are probably still negotiating with their banks, but I can't believe the only issue is the credit rating. Deals don't blow up over ratings. Banks care about operating results.Shelly Lombard
The market has priced out near-term bankruptcy risk. But the company still has industry risk, execution risk and turnaround risk.
Shelly Lombard
The wildcard here is always management. The industry is slowing and it would be nice to see them pay down some debt and accumulate some cash instead of going off in all these different Don Quixote missions.
Shelly Lombard
This isn't monumental news. But anything that helps GM's cost of funding is a good thing for the company.
Shelly Lombard
This tells us what we already know, that this is a company in deep trouble. Their GM business is falling away so fast that their non-GM growth cannot compensate for that.
Shelly Lombard
While we give GM a 'B' for effort, this news is not as compelling as it sounds.
Shelly Lombard
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Based on Topics: Sin QuotesBased on Keywords: revolver
A person who can't pay gets another person who can't pay to guarantee that he can pay. Like a person with two wooden legs getting another person with two wooden legs to guarantee that he has got two natural legs. It don't make either of them able to do a walking-match.
Charles Dickens
Eric McCormack is directing talent waiting to happen.
Ron Livingston
We need to ditch the idea that there is any value in the strong and silent man being in any way attractive. Being silent isn't being strong, it's being a victim.
Jane Powell