Originally Posted by
nichale
What are the chances Delta Airlines will not survive? Is it worth take the risk and buy some of the Airlines stock?
Our company stock is of no value now and will be cancelled upon exit of Chap 11 proceedings. Any holders of common stock will receive 0 for their held shares as of the exit date.
As to buying the stock upon a reissue is another matter. My expectation is that the stock, offering price TBD, will fly for a bit and then settle at a lower price until the "analysts" can tell us of the real value.
The 66 cents you see on Yahoo finance is of the same value as 1970 Ford Pinto with a leaky gas tank.