Close. It's what you do with a '74 Honda CB 350 with a blown engine and an '84 Kawasaki 440 LTD with a twisted front end when they're given to you for free.
Oh and this bike is the one that almost took my left arm when I put it into a highway divider on a pebble covered off ramp 11 years ago and why I'm restricted to motorized bikes by the Mrs.