Jun. 19 at 5:58 PM
$PROP Please don't anybody think that 'mercy' is a word commonly used on Wall St. You saw what Gekko sais lol. They, being Mgmt and therefore US (longs) are in a very prone negotiating position...
It isn't that there aren't players or money in the 'game'...it's that those players are seriously evaluating the options before them, for example, is it better to go in now, vs. letting them just possibly go under, and buying the assets from Banks at liquidation values. That's what i'd be thinking if i was them. Therein lies risk to buyer too. IF somehow the Mgmt can dig out of this hole, well, tbe price goes up substantially, and i mean like double not 20%.
It's all about Mgmt, and how they can manouver out of this, with, or without, the help of the Banks.
As a deep long, i'm rooting for them all way lol. We will know at Q2 in August one way or another.
