Topic Author
Posts: 461
Joined: Fri Aug 12, 2005 1:19 am

Delta Stock

Fri Sep 16, 2005 7:51 am

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.
Posts: 11056
Joined: Tue May 13, 2003 2:57 am

RE: Delta Stock

Fri Sep 16, 2005 8:06 am

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
Posts: 24984
Joined: Wed Jan 24, 2001 1:44 pm

RE: Delta Stock

Fri Sep 16, 2005 8:07 am

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.
Topic Author
Posts: 461
Joined: Fri Aug 12, 2005 1:19 am

RE: Delta Stock

Fri Sep 16, 2005 8:13 am

Would bonds cost more or the current stock price?

Popular Searches On

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos