Cooper released an 8K yesterday describing the asbestos liability they may face with the bankruptcy of FMO; they took a 30 million dollar charge to cover all future costs associated with this liability. In a... login to read the rest
Technically Cooper is not re-incorporating, they are merging. Cooper set up a corporation in the Bahamas with a subsidiary in the US. Cooper will then merge with the subsidiary of the Bahamas Corporation. Any company... login to read the rest
Just curious about why CBE would be able to do that, in either Bermuda or Bahamas. Could you share with us your insights into this issue, e.g. any legal hurdle, any industry restraint, etc.?
Pennsylvania legislation – does not matter because no lawsuits are filled in PA. Don’t expect such legislation on the federal level or any other states.
Brake pad vs. building material – I will get you some... login to read the rest
CROWN CORK: Could this Company's Asbestos Liability be History?
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Crown Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse)
announced today that Governor Schweiker of Pennsylvania signed
into law a bill that limits the asbestos-related liabilities... login to read the rest
.. sorry premature posting
I have three questions which you maybe able to shed some light on
(1) What would your picture of the common in Chapter 11 look like - yeah, you don't expect it,... login to read the rest
The major difference between companies like USG and Cooper is the type of asbestos liability they face. USG produced wallboard-containing asbestos, businesses that use asbestos in building materials face severe liability. It is true no... login to read the rest
A lot of value investors got burned on USG because of asbestos. The problem is the impossibility using normal standards of quantifying the risk. If you have access to the latest issue of Outstanding Investor... login to read the rest
No doubt this is cheap, if you assume away the asbestos risk, which carries the potential for the stock to be worth zero. Your analysis on asbestos leaves a lot out: FNM's disclosure covers... login to read the rest
Are you sure you want to close this position Cooper?
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