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For what it's worth, I was once a stockholder in Just For Feet, and about a month before it filed for bankruptcy, it also secured refinancing from some lenders. It also had been having problems, and I thought that when they secured refinancing, that meant that the worst was over, and that they were turning it around. In reality, the refinancing was apparently a bridge loan to tide them over until they could file for bankruptcy on their terms, instead of on the terms of one of their creditors. I'm not saying that Borders is in the same predicament, but I sure wouldn't be buying their stock right now.
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