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Spanish Broadcasting System Inc. Message Board

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  • value_invstr value_invstr Oct 27, 2011 2:41 PM Flag

    Worst case scenario

    Absolutely, it's trading at option value. There are many forms of bankruptcy, in this case you would restructure the balance sheet, not liquidate the company. From a shareholder perspective it doesn't matter because your getting $0 regardless. No doubt, the market is right now saying their is a 98% chance they can't refinance.

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