Originally Posted by
airdog
If you are going to count assets you have to add up liabilities. While MAG's last qtr rpt showed $145m in shareholder equity, I'm not sure how they treat their lease obligations (may not show up as debt). Maybe some acc'ting whiz can tell us.
They have over $500 million in debt from what I have seen. As for liquidation, I don't see how they could really do that since their debt is already equal to, if not more, than their assets and they also have lawsuits from Delta and Aloha, which would add some more in that debt category.