Uncle TOYS ! - Where are you gusy with UAL ?
12-13-2002, 01:40 PM
#3
Guest
Posts: n/a
Bro, you've got some brass cajones (sp?)! Current price $1.90, high price of what, $92.00 back in 1997? At least you've got half the equation right, hope you get the second half someday.
As always, I can not discuss our position or thoughts on individual securities. One of the only negatives of my position.
Plus, as bankruptcies and stressed capital structures are not our typical investment (hard to be sure your investing and not speculating), you probably wouldn’t want my advice. But I would offer that in these big bankruptcies, you typically do better owning the debt than the equities. More times than not the debt holders become the equity holders.
Good luck!
As always, I can not discuss our position or thoughts on individual securities. One of the only negatives of my position.
Plus, as bankruptcies and stressed capital structures are not our typical investment (hard to be sure your investing and not speculating), you probably wouldn’t want my advice. But I would offer that in these big bankruptcies, you typically do better owning the debt than the equities. More times than not the debt holders become the equity holders.
Good luck!
12-13-2002, 02:12 PM
#4
Guest
Posts: n/a
Good luck on your UAL purchase but you need to know, that in most cases, the rally in a stock after a banruptcy filing is usually caused by short covering and speculators. Pull up the charts of some of the better known names that have filed Chapter 11 and it may give you an indication of what you may expect.
