VolvoBus wrote:Stock normally becomes worthless in a bankruptcy.'Over the years' is a very vague time scale.
If someone had bought 1000 shares in Delta,Northwest,United,Continental,American,USAirways (the major constituents of the Big 3) and Southwest on 1/1/2000,what profit or loss would they be showing? I am assuming that in the bankruptcies,most of the existing equity was wiped out,meaning that for 5 of the 7,the holding would be down to a handful of shares.
I have no idea,but the numbers suggest a loss in excess of 50% is not fanciful.
JammyBritton27 wrote:It has been a valuable investment over the years
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