Tue, Jun 18, 2013, 3:32 AM EDT - U.S. Markets open in 5 hrs 58 mins
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Just because one company gets their debt re-worked, doesn't mean another company will get the same deal. Do you think these lenders are just nice guys handing out cash? Don't think so. These guys can be ruthless. "Shark" is the best term I can think of. MTW may well be bankrupt by year end. If revenues fall off at an accelerating pace, how can they possibly pay the debt?
The world's oil wells may very well dry up by the end of the year. If they do, just think how many companies will go bankrupt. If that doesn't happen, the sun could burn out. Then what?