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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Replying to @LAForeverHall
IB personnel in particularly exposed industries are being assigned to “distressed credit risk” groups, training to start next week..
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Replying to @_Superbrat_
Thank you so much for that information. :) Any industries in particular that are considered really bad?
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Replying to @_Superbrat_
That makes a ton of sense. Thank you Christina. :)
4:42 PM - 21 Mar 2020
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