Always tough to walk away but I'll bet you made the right decision. Anyone care to guess what the following will be at the end of the quarter? (1) cash (2) credit availability and (3) how long they can survive given their cash burn?
If you don't have an opinion on these three issues I don't see how you can be long unless you know the answer to the fourth question which is how much they can sell out for. The assets obviously have some value but is it more than the liabilities?