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Re: [OM] [OT] Financial condition of Polaroid

Subject: Re: [OM] [OT] Financial condition of Polaroid
From: "Tom Scales" <tscales@xxxxxxxxxxxxx>
Date: Tue, 9 Oct 2001 12:20:53 -0500
Well now, isn't that fascinating.  I have a coupon I mailed last week. Bet
I'm in trouble.

Of course, I also have one of their scanners on loan that I was shipping
back today. Think I'll wait <g>.

Tom

> Hi Zuiks:
>
> I was watching CNBC this morning.  Rumor is that Polaroid Corp. (PRD)
> will file for bankruptcy protection this morning.  Commentator was
> uncertain if the filing would be under Chapter 11 (reorganization) or
> Chapter 7 (liquidation).
>
> The stock is currently at $.31/share USD.  The Company has a current
> market cap of only $14.8 million.  The unfunded pension plan liability
> alone is estimated to be $100 million.
>
> Marginal OM content: get your $200 rebate coupon for the scanner in the
> mail ASAP!  Your status as an unsecured creditor puts you near the
> bottom of the food chain.
>
> Bill Stanke


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