mfs debt, page-6

I think most people were dumbstruck too by Friday's sell-off. It was as if they had said 'we've got 1 bil of debt maturing in a month's time'.

Nobody can deny that the company needs to reduce debt levels in this current climate - I'm sure they are not the only ones. The critical issue at the moment is their short term debt. If they can convince the market that this will be settled and that they have other options for reducing long term debts, be it a cancellation/reduction in dividends paid, asset sales, etc. then the SP is going to rebound back into the $2-3 area.

All investors want to hear today is that MFS will still be around this time next year, as comments made like 'you're not going to make it to Valentine's Day' were what caused the panic in the first place on Friday.