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Author: luv2earn Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35392  
Subject: Re: OT: The Bankruptcy Run Isn't Slowing Date: 1/7/2003 6:19 PM
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From the article:

"Vulture funds and short sellers, meanwhile, are circling over several other giants, including American Airlines parent AMR and telecom-equipment makers Lucent Technologies (LU ) and Nortel Networks (NT ). Management at each insists bankruptcy isn't in the cards. They say they'll survive thanks to restructurings, the cash they've salted away -- and an eventual upturn in demand. "We're doing everything we can to avoid bankruptcy," AMR Chairman and Chief Executive Donald J. Carty assured employees on Dec. 13.

.....And if there's another downturn? "All bets are off," she says. In the meantime, scavengers such as Ross will have no problem finding plenty of bargain-basement assets."

Stock 'investing' anyone? This has become a market of vultures and shorters.
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