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Jarden Corp. Message Board

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  • deepharbor deepharbor Jan 17, 2008 10:55 AM Flag

    Do you like $ 2.41 / share ??

    I can't remember, when does the Citicorp bridge loan blow up?

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    • oh if things dont pick up they will trip covenants and it will all start imploding pretty quickly.

      I had to read that press release again - what the bleep is actually said in that thing? Winter sports sucks is down from last year, but isnt that just a small % of jarden's biz and the result of a disastrous acquisition...what about the bulk of your consumer crap? funny he didnt mention that...i guess you must assume it sucks big time.

      he probably coordinated some buying in the bonds at 86 to follow that very very very carefully worded "positive" release...

      i think they are grappling with a huge goodwill writedown based on sales for some of these idiotic acquisitions...and he dont want to rush that announcement out until the last minute. Their biggest assets remain silly goodwill and intagibles so that is just going to look bad...

 
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