Of course. the shorts on here would love for DMND to file Chapter 11. Would most likely drive down the price of the stock. They come on here acting like filing Chapter 11 is the best thing for the company, when in fact it's the best thing for tehm if it were to happen, which it is not. Nice try shorties!!!
This company is far from the need to file for any CH11 and this is just another silly comment from another fear mongering short. Many companies carry debt. It's the price of doing business. I am recntly long on DMND, and plan to ride this thing out until we get some clear answers from management.
Spotting a BK target on the other side of a chasm is one part of the exercise.
Hand carrying the projectile over to it is the other.
You do realize,as a matter of course, the creditors will force a fire sale and that if DMND emerges from Chap 11 it may very well have nothing, no popcorn,no chips,no nut business, no processing plants,no share holders and probably no logo?
Wouldn't it be better for DMND to a)keep making their payments or b) sell off one of their businesses?
Personally, I believe that their debt problem is not an insurmountable issue. Their annual payments are/will be how much? Their annual income is/will be how much?
The pps of the immediate future may be slow to recover but, barring a deliberative sale of all its pieces,DMND is not even close to going under.