Worst Scenario25 Sep 2012 10:34
Hi Campden and Gotya.
Very depressing reading but unless Nero is at the helm I fail to understand how such a view can be circulating at our level AND the Lam SMT not even contemplate your/the (respectfully) alleged state of the company. If what you say is fully accurate -
A the Banks will pull backing very very soon.
B Within a short time the Co would be insolvent
C This would trigger loads of contractual issues between LAM suppliers and LAm customers plus worker pay.
D the company would bomb out quickly
E another company will move in to pick over the bones at a massive discount,
Sorry for stating the bleedin obvious - just demonstrating the point your making
There has to be a positive slant to this? Why are institutions not cutting and running now ? If these issues are being aired at our level surely they are being boomed out at SMT and significant investor levels? Wouldn't you also expect SteveL to be watching this coming - I very much would - and he's by no means stupid? Very much hope your both wrong for Mr Owls American girls' sakes (It won't be Prada but pie and a pint time).