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Windstream Holdings, Inc. Message Board

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  • astral_tsar astral_tsar Feb 23, 2005 11:18 AM Flag

    List of Creditors they filed on...

    "They screwed all the stockholders and they screwed all the lenders, venders, and bond holders,..."

    OK. But you left out the important thing for the business: screwing the lessors. They are asking the court for cancellation of a bunch of long-term leases on closed stores. If that is granted, those costs go away. Whatever it may be worth, this is a better business today than it was yesterday.

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    • That was a given, everyone got scewed, so that makes it a better company, tell that to Pantry Pride, Zayers, WARDS, or a dozen others...this crap about stealing money from shareholders and lenders, venders, creditors, will make a company better, is all the more reason for them to go away and never return, ever. Got a match? I smell smoke,,,

      • 1 Reply to trader_2_day
      • Ok, well, ethically, sure. But the business will be sounder once some of those folks are screwed in favor of senior creditors and shareholders. (OK, shareholders who paid $5 or $10 are probably screwed too.)

        But Winn-Dixie has around $75 per share in sales and only say $0.50 per share in interest payments. They are not going away soon.

        Winn-Dixie needs to lower costs, and ch 11 will help them do that. If they get margins up to even 1/4 of 1%, that's 15 or 20 cents EPS, or $1.50 to $2 in value. Could crash and burn instead, but I think more likely it will come back to pre-filing prices a la IBC last September.

 
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