Comments on: Will They? http://www.bearmountainbull.com/home/will-they-042709/ Musings on the markets for the individual investor Mon, 06 Sep 2010 07:06:26 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: BMB http://www.bearmountainbull.com/home/will-they-042709/comment-page-1/#comment-13700 BMB Tue, 28 Apr 2009 02:08:53 +0000 http://www.bearmountainbull.com/?p=10001#comment-13700 I believe that in a typical reorganization bankruptcy, existing shares cease trading and become worthless. Then when the company comes out of bankruptcy, new stock may be issued, probably under a new symbol. Take United Airlines for instance -- old stock UAL went bye-bye, new stock trades under symbol UAUA. Buying stock in these companies is like rolling the dice, IMO. I believe that in a typical reorganization bankruptcy, existing shares cease trading and become worthless. Then when the company comes out of bankruptcy, new stock may be issued, probably under a new symbol. Take United Airlines for instance — old stock UAL went bye-bye, new stock trades under symbol UAUA.

Buying stock in these companies is like rolling the dice, IMO.

]]> By: Randal http://www.bearmountainbull.com/home/will-they-042709/comment-page-1/#comment-13699 Randal Tue, 28 Apr 2009 01:58:16 +0000 http://www.bearmountainbull.com/?p=10001#comment-13699 If GM goes bankrupt, what happens to shareholders stock? Or is that just anyones guess? My neighbor bought a small truckload of GM stock against my raised eyebrows. He was confident that the government would not let them go bankrupt. I haven't brought it up with him in several months, as I didn't want to embarrass him. I think he got in around 4. Heck, I cant talk, I was considering buying a sizable chunk of Citgroup just a few weeks ago. However, that urge has passed. Im now adding to my short positions. If GM goes bankrupt, what happens to shareholders stock? Or is that just anyones guess? My neighbor bought a small truckload of GM stock against my raised eyebrows. He was confident that the government would not let them go bankrupt. I haven’t brought it up with him in several months, as I didn’t want to embarrass him. I think he got in around 4. Heck, I cant talk, I was considering buying a sizable chunk of Citgroup just a few weeks ago. However, that urge has passed. Im now adding to my short positions.

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