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| Title: | Market Investing |
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| Moderator: | 2155::michaud |
|
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
675.0. "Stocks of Ch 11 companies." by RPSTRY::HUSSAIN () Mon Feb 07 1994 14:37
The company in my mind is America West Airlines (NAS:AWAQC).
The last C means --- "Excempt from Nasdaq listing qualifications for
a limited period." What does this really mean?
If I buy stocks of a company that is not in Ch11, for $4, and I later
sell them when the price is $6, I understand that I've made a profit
of about $2 per stock (a bit less, considering expenses, etc). Does
the same kind of logic hold for companies that are in
chapter 11, America West Airlines, for instance?
| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 675.1 | Be careful! | ANOVAX::JWICKERT | | Thu Feb 10 1994 13:55 | 12 |
| Dan Dorfman just did a piece on this company and said it looks like the
stock could well be worthless after emerging from Chapter 11. I
wouldn't recommend investing in companies that are in Chapter 11. You
are really rolling the dice on this kind of investing. I invested in
Ames Department Stores while they were in Chapter 11 and wound up
loseing all of my investment when they emerged from Chapter 11 and
declared all of the stock worthless and insused new stock. Sometimes you
get lucky and you own a piece of a company that has straightened it's
house up and the stock will stay listed and take off for that reason.
You've got to have a strong stomach for this kind investment.
JRW
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