Tuesday, April 21, 2009

Eurofresh Tomatoes Obituary

After a long and painful fight with assorted tomato mosaic viruses, lack of cash flow and illiquidity, Arizona greenhouse tomato grower Eurofresh finally succumbed to a long overdue bankruptcy. Immediate causes for death were not given. Major creditors which include Apollo Management Inc (AINV) and Barclays will hold a wake and huddle up to discuss how to mark their worthless bonds at 40-50 cents on the dollar ahead of their next earnings call. The funeral will be held at docket # 09-bk-07970 in Arizona bankruptcy court.

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