David Schawel

Three Short Ideas: Standard Pacific, Under Armour and Trump Entertainment

What a copy-cat, weak evaluation of StanPac. Have you even looked into their debt covenants? Do you know what kind of stance and flexibility the banks have? Just because a builder is doing bad, doesn't mean it can't generate the cash to cover interest payments. I'd be interested if you had any substantial data and/or logic to back this "fluff" call.