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UPS worth less than.....
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<blockquote data-quote="Catatonic" data-source="post: 975738" data-attributes="member: 7966"><p>Klein,</p><p>Seriously ... You will lose everything you invest in Kodak if you buy the common stock on the NYSE.</p><p>When the assets are sold-off, the owners of common stock will be the last paid off and there will be no money left by the time it gets down to the owners of common stock.</p><p>This is not an all inclusive list but the usual order of pay-off is:</p><p>Lawyers (they always get paid) - 100%</p><p>Preferred debt owners - 50%</p><p>Normal debt owners - 20%</p><p>Preferred Bond owners - 5%</p><p>Bond owners - 0%</p><p>Preferred stock owners - 0%</p><p>Common stock owners - 0%</p><p></p><p>In the case of Kodak, their assets will sold off and a percentage paid on the outstanding value at my guess above.</p><p></p><p>Ignorance may be bliss but it can be damn expensive too!</p></blockquote><p></p>
[QUOTE="Catatonic, post: 975738, member: 7966"] Klein, Seriously ... You will lose everything you invest in Kodak if you buy the common stock on the NYSE. When the assets are sold-off, the owners of common stock will be the last paid off and there will be no money left by the time it gets down to the owners of common stock. This is not an all inclusive list but the usual order of pay-off is: Lawyers (they always get paid) - 100% Preferred debt owners - 50% Normal debt owners - 20% Preferred Bond owners - 5% Bond owners - 0% Preferred stock owners - 0% Common stock owners - 0% In the case of Kodak, their assets will sold off and a percentage paid on the outstanding value at my guess above. Ignorance may be bliss but it can be damn expensive too! [/QUOTE]
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