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Dixon Ticonderoga Company (DXT) Message Board

  • caran92 caran92 Oct 17, 2001 7:19 PM Flag

    announcement of today - brink of bk?

    what are they going to have to give up to get the lenders to agree - haven't made 5+mm loan payment - are they on the brink of bk or major reorganization where lenders will get big chunk of equity - where does that leave the shareholders

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    • Bib,

      I assume that any related negotiations that may be going on regarding sale of company would not have been mentioned in this press release. Agree? BTW, any opinion on FRO as discussed at your Value Investors site?

      • 1 Reply to stocdude1
      • Looks like the message means they have no problem until the middle of November.

        With all the signs and pictures being made as a result of Sept. 11th, I imagine a lot of crayons and colored pencils will be sold. Could be a very good quarter!

        But, as it seems a buyer is in the "wings" so to speak, the BUYOUT is probably coming soon - before Nov. 14th.

        But, no matter, this company has sufficient resouces. Moreover, as interest rates are very low, improved financing can come.

        My opinion is that conditions are VERY POSITIVE -buyout or no buyout. I am betting on a BUYOUT. I CONTINUE TO HOLD, and I am GOING TO BE RIGHT!