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Morgan Stanley Message Board

collelungo2000 1 post  |  Last Activity: Aug 22, 2014 9:33 PM Member since: Jan 16, 2007
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    by golfer18us Aug 21, 2014 12:07 PM
    collelungo2000 collelungo2000 Aug 22, 2014 9:33 PM Flag

    The common equity is worth zero. It is optionality on the fact they can somehow keep financing this pig until they figure out how to make $. Several have tried, all have failed. Its a lottery ticket at best.
    IMO, they should have BK'd the thing a long time ago to get out from under the horrible leases previous managements had executed.

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