"They have a lot of cash on their balance sheet. If they can come out of bankruptcy, bondholders could get 15 to 20 cents on the dollar at best."--Evan Mann, senior credit analyst at Gimme Credit on the possibility that Northwest Airlines bondholders may be able to recover more than unsecured creditors that own the airline's debt.
"They have a lot of cash on their balance sheet. If they can come out of bankruptcy, bondholders could get 15 to 20 cents on the dollar at best."
