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Foamex International Inc. (FMXI) Message Board

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  • texasbroker2000 texasbroker2000 Aug 11, 2005 3:39 PM Flag

    qualifying for bkrptcy.

    team, I agree with you. I don't see the benefit for the lenders or management to file. There's operating earnings here, Fmxi is worth much more as an ongoing concern and bk jeopardizes sales and supply relationships.

    As long as the operating earnings are positive and management continues to move toward more efficiency I think the lenders will work out the debt issues in the hopes of preserving their investment.