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   Gold/Mining/EnergyHarnischfeger (HPH)


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To: one putt who wrote (21)6/12/1999 1:16:00 PM
From: robbie
   of 57
 
"I don't think it will vanish from the face of the earth. In the U.S. you can go belly-up under Chapter 11 and still stay in business --it's new tricks, old dogs."

My favorite line also. I guess they've never heard of REORGANIZATION over there. I agree the article was biased. HPH has 13,700 employees and has announced that they don't plan any layoffs....I think they plan on sticking around. Bought 1000 @ 1 5/16, looking to buy more on dips.

Robbie


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To: one putt who wrote (21)6/13/1999 4:27:00 PM
From: Mark S.
   of 57
 
current liabilities would include the 750mil just obtained. eom

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To: robbie who wrote (23)6/13/1999 4:31:00 PM
From: Mark S.
   of 57
 
chapter 11, reorganization; your right but as far as buying on dips. I think you need to take a refresher course on creditors rights. This stock is way too volatile to buy on dips. i would hope that you take profits when you could. Nobody knows how this is going to shake out. Unless the company has opportunities for "new" business, the current credit savor would be in vain.

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To: Mark S. who wrote (25)6/13/1999 7:06:00 PM
From: one putt
   of 57
 
Mark -

What do you expect to happen tomorrow? Profit taking on the 63% rise we had on Friday, or additional buying? I'd hate to sell a 2-3 bagger on a stop loss, but locking up profits is always nice, since AOL and RNWK have been kicking by butt!

Regards~

TP

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To: Mark S. who wrote (25)6/14/1999 8:42:00 AM
From: robbie
   of 57
 
I think you need to take a refresher course on creditors rights.

I know all about creditors' rights dude, what I'm saying is everyone will get paid. Worked on plenty of Chapter 11s.

Nobody knows how this is going to shake out.

Agreed, but I think I have a pretty good idea how it will shake out. I know plenty of people in this business...

Unless the company has opportunities for "new" business, the current credit savor would be in vain.

Disagree. I understand they can't get paid for current business, due to the Asian crisis (which is improving by most accounts) and the weak coal market. If enough customers can't pay you, you are not going to be able to pay your creditors either.

I just don't think this company is in danger of going under. And since I have a good handle on what goes on in the industry, I'll continue to buy. Very little risk at these levels.

Robbie

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To: one putt who wrote (26)6/14/1999 9:18:00 AM
From: Mark S.
   of 57
 
Outside of Robbie's name calling, he's made some good points. But the bond holders are due there money first and 2 billion in debt is a big number. How much will be negotiated away is underway. I'm not so sure that he's any closer to the deal than I am. All I can tell you, the word on the street: very risky. toss of the dice; black or red. If they do survive, maybe two companies. Haven't heard what happened with the judge on Friday. There sure has been a lot of buying, but I suspect thats from past reputation. Anyone who thinks that business is rolling in the doors is really out of touch. Employees are being lay'd off regardless of the press release. I'm with you on AOL as well as MSPG. Profits on HPH, who knows. to early to tell. I'm waiting for thursday.

P.S. I like your nick, thats my golf game also.

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To: Mark S. who wrote (28)6/14/1999 9:36:00 AM
From: robbie
   of 57
 
Outside of Robbie's name calling, he's made some good points. But the bond holders are due there money first and 2 billion in debt is a big number. How much will be negotiated away is underway. I'm not so sure that he's any closer to the deal than I am.

What??? Are you talking about some other Robbie??? I'm not following your posts very well....No name calling by me, and no lack of knowledge about Ch. 11. We should get on the same page here. PM me if you like and I'll tell you everything I know about what's going on here.

Robbie

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To: robbie who wrote (29)6/14/1999 9:48:00 AM
From: Kevin Shea
   of 57
 
More info:

www.bankrupt.com/harnischfeger.txt

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To: one putt who wrote (26)6/14/1999 9:57:00 AM
From: Allan
   of 57
 
biz.yahoo.com

HARNISCHFEGER BANKRUPTCY NEWS: First Issue Free

PRINCETON, N.J., June 14 /PRNewswire/ -- Bankruptcy Creditors' Service, Inc., today announced publication of HARNISCHFEGER BANKRUPTCY NEWS, tracking the chapter 11 reorganization undertaken by Harnischfeger Industries, Inc. (NYSE: HPH - news) and its domestic underground mining (Joy Mining Machinery), surface mining (P&H Mining Equipment), and pulp and papermaking (Beloit Corporation) subsidiaries before the United States Bankruptcy Code in Wilmington, Delaware.

''Unlike many of the chapter 11 reorganizations we track, Harnischfeger has a rock-solid business and a substantial base of hard assets underneath its layers of debt. We give Harnischfeger no less than a 7-in-10 chance of surviving, reorganizing and emerging from chapter 11,'' said Peter A. Chapman, president of Bankruptcy Creditors' Service, Inc., and editor of HARNISCHFEGER BANKRUPTCY NEWS.

Chapman related that the first issue of HARNISCHFEGER BANKRUPTCY NEWS, released today, includes:

-- background information about the Company's operations and finances;

-- detailed information extracted from the Debtors' bankruptcy petitions;

-- a consolidated list of the Debtors' 25 largest unsecured creditors;

-- the $750 million debtor-in-possession financing facility led by The
Chase Manhattan Bank and Chase Securities, Inc.;

-- the Company's cash budget for the next 30 days; and

-- a calendar of the key dates and deadlines in Harnischfeger's chapter
11 cases.

Chapman indicated that the next edition will provide subscribers with a detailed review of:

-- Harnischfeger's applications to employ Kirkland & Ellis as its lead
bankruptcy counsel; PricewaterhouseCoopers, LLP, as its financial
advisor; and the host of other professionals that will help management
push and pull the Company through the bankruptcy process;

-- the operational and financial impact of the handfuls of motions asking
Judge Walsh for relief to maintain "business as usual"; and

-- the United States trustee's plans and efforts to form an official
committee to represent the interests of the Debtors' creditors.

HARNISCHFEGER BANKRUPTCY NEWS is distributed on a subscription basis by e-mail for $45 per issue. New issues are published as significant activity occurs (generally every 10 to 20 days) in Harnischfeger's cases.

Chapman relates that a free copy of the first issue of HARNISCHFEGER BANKRUPTCY NEWS is available via the Internet at bankrupt.com using a standard Web browser.

BCSI currently tracks on-going chapter 11 reorganizations by The Loewen Group, Montgomery Ward, Service Merchandise, Dow Corning Corporation, Levitz Furniture Corp., Edison Brothers Stores Corporation, Caldor Corporation, Boston Chicken, Inc., Bruno's, Inc., APS Holding, and FoxMeyer Corporation. Go to ftp://bankrupt.com/Bankruptcy_News/ for free sample newsletters.

Additionally, BCSI co-publishes the TROUBLED COMPANY REPORTER, a free sample copy of which is posted at ftp://bankrupt.com/pub/Samples/TCR.txt on BCSI's Internet site. The TROUBLED COMPANY REPORTER provides daily news by e-mail about approximately 700 high-profile chapter 11 reorganization cases.

SOURCE: Bankruptcy Creditors' Service, Inc.

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To: robbie who wrote (29)6/14/1999 10:25:00 AM
From: Mark S.
   of 57
 
so far no dips for you to buy on today. where is this puppy going? the rise on low trading so far even.

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