RE: care to review a gloomy analysis for 2012?They could have gone Bankrupt in August...Sept...Oct...November on all that bad news!
They made all their payments.
Market sure agrees with the analysts that is why prefs and bond trade at cents on the dollar.
If the company does not show the market how they can pay off a billion in debt over the next two years then the B is possible.
By start of Q3 2012 debt should be down 400 million, by start of Q1 2013 debt should be down by 585 million, if it is not then the market will react.
Remember the co can do things on the corporate front to wiggle out of this too.
JMHO