Bonkers thought: IF Corona is a short term problem (call it a year), is there any reason companies shouldn't declare BK if they run into grumpy creditors, to kick the can? If results/the market improve by the end of the process, interesting cases might be made about valuation?
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Judge would be pissed at creditors The goal of restructurings is to keep things out of court
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So there's a certain leverage there for the co (and equity), yeah? Seems like a lot of names are really getting beat to shit not only because of CV but also potential credit issues. If the economic ice age is temporary, those might be golden buys?
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