There's nothing out yet on the wire this morning regarding the prospect of a Broder Bros. bankruptcy filing. However, we just spoke with the Deputy in Charge at the Eastern PA District Court. Broder Bros. was not in their system that reflects filings real-time suggesting there no filing in that court last night.
Fot the record, we've stated all along that we do not need a piece of paper telling us that a company is in dire straits -- and just because debt is refinanced it hardly means that it makes the company healthy. All it means is that life support will be prolonged.
If I made apparel and Broder was my customer, I'd rather just get the pain overwith.
