At the moment there is there is alot of sensationalism surrounding HWE. ("can it pay its worker" and "Collapsed contracter"..etc) see through the media hipe and look to the more factual information. Ring any HWE company (and if they don't redirect you to the administrator, who give the usual no comment at this time) they will tell you its business as usual. As for collapsing under 300 mil of debt in actual fact total debt is around 477 mil its in the balance sheet reported for june '04 but revised in sept. still leaves (in theory) 252 mil. for S/H. even if this is halved you will still get approx 60c per S. (Huntleys guess was 57) Remember the problem here is cash flow, if 100mil could have saved the 3 Bil company in the clear again it stands a good chance and its in everyones interest to keep it going if possible. Just to make you S/H feel a bit better One more stat, currently arond 50% of companies in VA recover to be stronger to then before.
HWE Price at posting:
0.0¢ Sentiment: None Disclosure: Held