BIRMINGHAM, Ala. -- Bruno's Inc. here may have to consider using some hard assets as collateral to secure existing loans from its banking syndicate to stem syndicate concerns over its financial condition, Wall Street analysts told SN last week. Analysts said the company's financial condition is continuing to deteriorate, with expectations that operating cash flow for the third quarter ended Nov. 1 will have dropped significantly -- possibly to $8 million to $10 million, compared with $28 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.