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johnny2525

01/09/09 8:27 PM

#3891 RE: Fast Flyer 03 #3890

Okay Fast we meet again. Just came home and saw the news for the day. Seems like there was somewhat of a sell off in terms of the price going down and not neccessarily volume to go with it. Not sure what to make of that. Seems like Landamercia put some fear in the air with the sentence that talked about disposing of the rest of the divisions. Can you go into this at all. Reading the posts I was happy to see that of you of the longs here talked to people at Landamerica and that this idea of a buyout is in the works. Can you go into this at all. Last but not least, if there is a buyout and they have a buyer ready to go, does landamerica need to get through the bankruptcy preceddings first. In other words could a buyer come to landameria while they are in bk protection and say, I want to buy you and here is my price. Or does landamerica need to get out of protection first. If they need to get out of protection first and if what the previous poster said is true ( about taking months, years to get out of bk) then wouldnt it throw the idea of a buyout out the window because what other company is going to wait around for years to buyout LandAmerica. As always fast, any help you know is greatly appreciated. Thanks.