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AMR Bankruptcy Cancels The Common Stock?
I dunno
Delta, United, Conti, USA and others APPARENTLY bankrupted to kick/ un-encumber their pension legal responsibilty (ies) and/or whatevers these are legal and moral issues which are semi great for discussions but i greedily am only interested in taking advantage (and usually losing my ass) opportunistic capitalism, which is another issue & quasi wonderful for cogitation (and adding that officious Congressional annointed pizza & catsup veggies to cottage cheese) AMR is today about 69 cents a share, i dunno about their preferred stocks and bonds prices IN OTHER WORDS: apparently most investors ("the market") think the common stock will be cancelled/worthless, and completely new issue coming out of bankruptcy what is the gossip in the pilot lounges etal saying about this? do you think the current AMR common stock to be worthless, or perhaps to be diluted/de-valued so much it ain't even worth the 69 cents plunge bet |
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