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Old 12th Dec 2003, 02:08
  #32 (permalink)  
CaptainFillosan
 
Join Date: Sep 2002
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A flight attendant as a beancounter? Why not - I suppose! But I don't like the figures.

What has not been mentioned, but I may have missed it is, that MYT have written down a major portion of it's assets. That is a savage action and one which would not have escaped the money men. However, their shares rose by 25% today and God know's what that means! I guess some think that the CEO's estimate that they will be in profit by 2005 helped. Breath held! But not for that long.

It is, in anybody's book, dire, and it has to be faced up to. Just how much cash IS available as working capital is not known but unless the MM are happy it won't last.
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