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?
Definitely will consider it but I want to think about these things in case there are really good opportunities that show up.
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Btw.. Speaking of large bankruptcies: pretty sure
$tot will walk away from Ghana sale.$oxy could be sooner than you think. https://www.bloomberg.com/news/articles/2020-03-20/occidental-holds-talks-with-borrowers-to-address-debt-pile ….#eftThanks. Twitter will use this to make your timeline better. UndoUndo
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