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Omega Healthcare Investors Inc. Message Board

  • Curtispvd992 Curtispvd992 Jun 1, 2000 11:18 PM Flag

    Comp. in bad shape

    To give you an idea of how bad of financial
    condition this company is in......their new line of credit
    is limited to 175M, at 3.25% over Libor. This is
    identical to terms of CMM.:
    CMM's Financial
    condition:
    a.) presently in chapter 11
    b.) accountants
    issued warning of doubt to continue as going
    concern.
    c.) issued multiple reorganization plans each of
    which was rejected/modified.
    d.) creditors just
    want to liquidate company.

    The point is that
    their is no negotiation ability left with this
    company.....The 500M equity is probably worth no more than
    100-150M, in a bank "firesale"

    For those who do not
    want to except the 150M$ from explorer......find OHI
    135M$, and this writer will listen.

 
OHI
37.55-0.12(-0.32%)Sep 2 4:02 PMEDT

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