Spectrum Brands Holdings Inc (SPB)

[bman007]

Financials not bad!! BK IS A JOKE!!!!

Yep, the financials are not that bad. In fact, they are better than last quarter when CEO HUSSEY said we had enough cash flow to get by.

Nope, this BK is nothing more than a matter of convenience. It's much easier to eliminate the commons and start over. It's the fad in corporate America now. Why should HUSSEY quit in shame and take the blame for his idiotic management? He can just get a do over!!!

WELL NOT QUITE!! Seems 30% of the note holders are still holding out. And I'm guessing some of the institutional shareholders are more than pissed right now. Time to petition the court and send emails to Atlanta Journal reporter asking if this is a BK of convenience!!!