The stock is getting hammered because investors are reacting like this is the next step to bankruptcy when in fact I think meeting with the banks is a good thing. Renegotiating the covenant is a positive because it means they won't be forced into bankruptcy.
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This quote is just one of 8 total Michael Pachter quotes in our collection. Michael Pachter is known for saying 'The stock is getting hammered because investors are reacting like this is the next step to bankruptcy when in fact I think meeting with the banks is a good thing. Renegotiating the covenant is a positive because it means they won't be forced into bankruptcy.' as well as some of the following quotes.
It will limit the success if they're not materially better than the current-generation games. The analogy is, do you buy a new PC if you don't have a reason to? You just don't do it.
[As such,] only one in 16 people need to rent an extra movie in the new extended rental period to offset the late-fee loss, and that's not that hard to get, ... When you let people rent for seven days instead of two, the consumer tends to grab the extra movie.
This quote is just one of 8 total Michael Pachter quotes in our collection. Michael Pachter is known for saying 'The stock is getting hammered because investors are reacting like this is the next step to bankruptcy when in fact I think meeting with the banks is a good thing. Renegotiating the covenant is a positive because it means they won't be forced into bankruptcy.' as well as some of the following quotes.