Originally Posted by
tpersuit
Mesa has over $500 million in assets, according to their filings. That seems like a lot that can be grabbed up in liquidation.
The book value of a large portion of Mesa's assets is likely to be greater than the market value. (This is normal under standard accounting rules.) Looking at the most recent financial information available, I believe in a bankruptcy scenario stockholders would get nothing and bondholders would get pennies on the dollar.