SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.

   Gold/Mining/EnergyHarnischfeger (HPH)


Previous 10 Next 10 
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.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


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

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


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

www.bankrupt.com/harnischfeger.txt

Share RecommendKeepReplyMark as Last Read


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.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


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.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Mark S. who wrote (32)6/14/1999 11:16:00 AM
From: robbie
   of 57
 
This puppy is @3 !!!!!!!!!!!!!!!!! Looks like I'll get my quickest triple ever !!!

Robbie

Share RecommendKeepReplyMark as Last Read


To: Allan who wrote (31)6/15/1999 12:11:00 AM
From: Allan
   of 57
 
more news... HARNISCHFEGER INDUSTRIES INC - Quarterly Report (SEC form 10-Q)

biz.yahoo.com

Anybody care to comment??? I finally got a very small position in HPH today - please don't tell me I made a mistake! :) So far my limited DD tells me that (and correct me if I'm wrong) HPH was way oversold.. plus with the asian recovery, possible take over there is a good chance things will bounce back - maybe not back to the high $30s.. but enough for everyone to get a little profit!

Good luck to all.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Allan who wrote (34)6/15/1999 1:09:00 AM
From: one putt
   of 57
 
Allan

I'm glad I was playing golf today, had no chance to even get delayed quotes! I'm averaged in at about 1 7/8. I would have had a good day, but AOL and RNWK continue to TANK with a capital TANK. I'm in those until they recover. At any rate, I see HPH heading back to the $5 range before some pull back. The stock was oversold, but the recent action can't continue with out some profit taking. I'll take some at 4-5, depending on the volume/momentum. Hope you made some $$ today!

Regards~

TP

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: one putt who wrote (35)6/15/1999 3:02:00 AM
From: Allan
   of 57
 
TP - I hope your right.. :)

Thanks!

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Allan who wrote (36)6/15/1999 4:22:00 AM
From: Allan
   of 57
 
For those more interested in TA.. here's a good link for HPH

tscn.com

It's a bit SLOW.. but be patient!

For those newbies like me who want a company snapshot here you go..

financialweb.com

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10