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Stocks D / Delta Air Lines, Inc.

URL:  http://boards.fool.com/norm-thanks-for-the-reply-when-a-compnay-exits-a-23048456.aspx

Subject:  Re: Buying Delta? Date:  9/19/2005  12:51 AM
Author:  ToomersCornerWDE Number:  669 of 680

Norm,

Thanks for the reply.

When a compnay exits a Chapter 11 (reorganization) prooceding, it nearly always cancels all outstanding shares of stock and issues new stock to its remaining creditors in proportion to their claims.

Would this mean that once they come out of Chapter 11 proceedings then buying stock again would be an option? If so, how prudent would that be?


WDE!!!
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