Originally Posted by
Av8tion
Is anyone else tempted to buy PNCL at this valuation? I almost bought AMR at .37 last friday (put the order through but it didn't fill) and I still regret not getting in it (especially as it soared to 1.17) and after a 22% decline in a day it may be a tempting option...
Why would you buy stock at this point when it will be extinguished during their bankruptcy?
AMR will get to re-issue stock after the bankruptcy and all current holders will own nothing.