Dale, your post sounds like (yet another) learning opportunity for me. I was under the impression that common shareholders are almost certainly going to lose everything due to the BK -- FRNT's website even has a link to FAQs explaining that the company's priority now shifts from maximizing shareholder value to paying off creditors, and that shareholders shouldn't expect their holdings to retain any value at all. To me, that sounds like the thing is going to zero. So I was puzzled when I saw the price hovering around 48 cents most of the afternoon. Now your post says that since it's Chapter 11 and not Chapter 7, bagholders might actually get something after all. Does that really ever happen?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat