The problem with Owens-Corning is not as bad as it looks. True arediculous lawsuit has a psuedo-lien on its assets and created a Ch.11bankrupty. The real measure of a company is not its assets but its ability tomake profits from its activities. What would a group of creditors dowith factories that are made to make insulation??? Ch. 7 is not likely to occur is it can be at all avoided. The stock should and did drop in its market price. But in the longrun this company should prevail. I think this company will show explosive capital gains in the next 6-7 years. The market price maywell multiply by 10 or 12 times its present price in the market!!!
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