forest enterprises talks to its bankers, page-2

I seem to recall that FEA almost hit the wall some years back when the MIS rules changed and investors dried up. If my memory serves me correctly the banks threw them a lifeline and to their credit they pulled themselves up by the bootstraps. However within a relatively short time and with a changed board and new senior u-beaut management they have succeeded in taking themselves back to the same wall. The questions the banks are probably asking is "why should we do it again, look where it got us". One lifeline was enough, two might be one too many. I think FEA is like the boy with the barrow. In the meantime I suspect those senior staff with Golden Parachutes are busy strapping them on.