Looks like there this one is another strong candidate for bankruptcy and liquidation. I’m pegging the successful sale of this at less than 10%. Lonestar may have enough will wiggle room to back out of the planned acquisition. Any M&A experts out there that can comment on this?
Lone Star is another example of all the Dumb money in private equity. The insiders at Accredited are looking for a windfall while their own house is collapsing. Lonestar sure got suckered into this one. Caveat Emptor.
Even if the acquisition goes thru, the remaing Accredited operations will likely soon cease due to the intensifying credit crunch.
Who cares. Not significant if 1000-2000-3000 people get laid off from one company.
Want to see something that accelerates a southern CA decline? Cut in defense spending. I think a lot of the real estate implosion in SoCal back in the late 80ies resulted from a defense budget cut. I remember living through that when friends parents neighbors were being laid off left and right.
Some of my colleagues working at BAE, Northrop, Raytheon, etc here and SD are sort of nervous. Aside from pension under funding, a lot of them are depending on gov contracts that have yet to be realized.
Side note, nost new hires no longer have a pension option.
Who cares. Not significant if 1000-2000-3000 people get laid off from one company.
Want to see something that accelerates a southern CA decline? Cut in defense spending. I think a lot of the real estate implosion in SoCal back in the late 80ies resulted from a defense budget cut. I remember living through that when friends parents neighbors were being laid off left and right.
Some of my colleagues working at BAE, Northrop, Raytheon, etc here and SD are sort of nervous. Aside from pension under funding, a lot of them are depending on gov contracts that have yet to be realized.
Side note, nost new hires no longer have a pension option.
Who cares. Not significant if 1000-2000-3000 people get laid off from one company.
Want to see something that accelerates a southern CA decline? Cut in defense spending. I think a lot of the real estate implosion in SoCal back in the late 80ies resulted from a defense budget cut. I remember living through that when friends parents neighbors were being laid off left and right.
Some of my colleagues working at BAE, Northrop, Raytheon, etc here and SD are sort of nervous. Aside from pension under funding, a lot of them are depending on gov contracts that have yet to be realized.
Side note, nost new hires no longer have a pension option.
The only real money to made on LEND at this point is buying calls and hoping the deal goes through. I don’t know that any of the brokerages will let you short and the premiums on puts are pretty high.
The only real money to made on LEND at this point is buying calls and hoping the deal goes through. I don’t know that any of the brokerages will let you short and the premiums on puts are pretty high.
The only real money to made on LEND at this point is buying calls and hoping the deal goes through. I don’t know that any of the brokerages will let you short and the premiums on puts are pretty high.
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