hbball

Porsche Dilemma: Firesale or Bankruptcy?

Yes, they have debt, some which might be demanded to be paid back soon, but nobody's talking about their liquid assets (namely shares of 50% of VW) as a potential last-resort source to pay back the debt.


On Jun 29 07:25 PM Old Trader wrote:

> hbball,
>
> Evidently Porsche borrowed billions in their efforts to gain control
> of VW.....and now the piper must be paid.

Porsche Dilemma: Firesale or Bankruptcy?

On Jun 29 05:42 PM Rollerball wrote:

> Some people just don't know sarcasm when it's staring them in the
> face. Was POAHF.PK on anyone's "conviction" buy list?

Yeah, you're right, I was being like totally sarcastic when I said that this article that wasn't based on facts had no facts. I guess you didn't get it.

Porsche Dilemma: Firesale or Bankruptcy?

This is a very sensationalist headline without anything to back it up.

There's no fact cited as to when VW can legally demand the money pursuant to the loan.

As for bankruptcy, it seems ridiculous to suggest that Porsche SE, which owns over 50% of VW, along with options to purchase at least another 20% of VW would somehow go bankrupt if required to immediately pay 700 million Euros to VW. Why wouldn't Porsche just sell some of its VW stock (market cap = $80 Billion Euros what to avert bankruptcy)? Any article suggesting bankruptcy ought to address these points.