Shelly Lombard
Shelly Lombard
accumulate cash debt industry instead management nice pay quixote slowing
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.
bonds buy company possible trade
This company has a long way to go. It is a marathon, not a sprint. To buy these bonds you have to be in it for the long haul. It is very possible they will trade down before they trade up.
bankruptcy company execution industry market risk turnaround
The market has priced out near-term bankruptcy risk. But the company still has industry risk, execution risk and turnaround risk.
lear
If Lear were to go down it would come from a combination of things.
available banks collateral covers multitude
I think the banks will make the revolver available if they get collateral. Collateral covers a multitude of sins.
product wrong
It's just the wrong product at the wrong time.
banks believe blow calm care credit deals issue operating
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.