Roger136913
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.
 
luv2fly
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
 
MAH4546
Posts: 24724
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.
a.
 
Roger136913
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?

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