I was going to write a long list of numbers explaining why my answer to this question is NO. I'd even started. Then it struck me that the simplest reason to give had nothing to do with leagal battles, the Companies almost certain debt default that will put whatever assets they have left in the hands of the credirors or even managements ineptitude that sees this going in only one dirrection —towards long term crisis very costly to all.
Nope, these are all problems for the current owners. New owners have the choice of thousands of companies. So the question for them is why would they pick this one over something that hasn't needed to stike a deal with its creditors to capitalise their interest obligations?
Riskup. Why would YOU put your money down?
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held
