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Delta Stock  
User currently offlineRoger136913 From United States of America, joined Aug 2005, 473 posts, RR: 0
Posted (9 years 3 days 18 hours ago) and read 1181 times:

I hope this is the right place to post.

I see Delta's stock at closing today is $0.75 a share.

Now this might sound silly, but would it be a stupid move to buy shares?

I know they are in chapter 11 and all, and I know it's a risk. But the low price looks too good to pass up.

Any Stock Brokers out there with an insight? Could I but say 1,000 shares? what fees would I be looking at to buy and what fees to sell?
I am plain brainless when it comes to Stocks other then checking the current prices.

3 replies: All unread, jump to last
 
User currently offlineLuv2fly From United States of America, joined May 2003, 12110 posts, RR: 48
Reply 1, posted (9 years 3 days 17 hours ago) and read 1155 times:
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Usually when a bankrupt company emerges they will wipe out the value of the old stock and issue new stock to raise money.


You can cut the irony with a knife
User currently onlineMAH4546 From Sweden, joined Jan 2001, 32782 posts, RR: 72
Reply 2, posted (9 years 3 days 17 hours ago) and read 1155 times:

Don't waste your money buying shares. Buy Delta bonds. If Delta comes out of bankruptcy, which is likely, people who buy Delta bonds now stand to benefit. I wish I bought some K-Mart bonds when they went into BK...people who did made out like bandits.


a.
User currently offlineRoger136913 From United States of America, joined Aug 2005, 473 posts, RR: 0
Reply 3, posted (9 years 3 days 17 hours ago) and read 1141 times:

Would bonds cost more or the current stock price?

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