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I purchased delta in reorg at $.68, if she emerges, what are the different potental outcomes of my holdings? |
I bought at .68 , she closed today (5 months later) at $1.21.......it's a small fraction of my total investments, so I'm looking at it as a true gamble, I just want to know what the potential extreems are, and what delta's (dalrq) responsibility to the shareholder is if they emerge as a profitable company. Watch Jim Cramer's Mad Money on CNBC. The problem with airlines is they are dependent on fuel prices which is out of anybody's control. The problem with Delta is that if it does not come out of bankrtupcy, the shareholders will not get any money. Even though zero is the bottom for any stock, it is unlikely that any ongoing corporation will go to zero, but it could. They have no responsibility to public shareholders as a public company. |
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