Lee finally filed that end-of-year report and, as expected, the auditor added a line saying it has "substantial doubt about (Lee's) ability to continue as a going concern." $306 million in debt is due in April.
The New York Stock Exchange also warned that the stock will be delisted if performance doesn't improve.
Newsosaur Alan Mutter has a comprehensive look at what's next for Lee.
Tuesday, January 6, 2009
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