The Motley Fool Discussion Boards
Stocks D / Delta Air Lines, Inc.
|Subject: Re: Buying Delta?||Date: 9/19/2005 12:51 AM|
|Author: ToomersCornerWDE||Number: 669 of 688|
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?
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|