it seems like there is not much debt, well there is, but seems more of a liquidity issue here.
they sold a ton of stores, that does not seem like something a company about to go bk would do.
plus no mention of bk by the management.
peter lynch has 3 million shares, so he has an incentive.
selling perishables, like creating a vons pavillions, maybe they can train management to be friendly, or give incentives. since peter lynch is given incentive, he might start to trickle that down, and create a better environmnet.
i was also thinking about a new logo for winn dixie, maybe a confederate flag with WINN DIXIE ontop of it.
The key there, is not to drive away minorities, or people not liking confederacy, but instead to tap into the roots of the south, and just what it is to be a southerner. sure you can go to publix or walmart, who cares. but the main thing is to develop loyal customers and to give them something they cannot get elsewhere. starting with parishables is a first start
i dont think the davis family will let their wealth dwindle to 0. in fact, im pretty sure of this.
so the key here, is.. is WIN another MXT or ACF or NAFC?
OK...The immediate danger here is simple..yes they have $ 270 Million in cash and credit BUT...if the major vendors demand cash or COD..the party is over....the banks will pull the credit line and BK is immediate..its 50/50 probability. You pays your money and takes your chances.