RE:Financial Engineering only works during good timesI understand your point, but still makes no sense because even banks (one of the safest investment) works no good in bad times.
Look at what is hit, airlines, restaurants, whole industries, car manufacturers, name it.
I aknowledge your point of high level of debt, but your analysis comparing debt to equity has no point. Assets are greater than liabilities, high positive cash flows with operating activities, a highly profitable company that will face tough times for Q1 and possibly Q2.
Depends on how management handled the crisis (temporary lay offs, salaries cutbacks, bonus cutbacks).
Only time will tell