Delphi bankrupted !!!

DNT is the debt lescor, it has been delisted

Quote from lescor:

??? Don't be sorry, it's a good thing.

DAL received a delisting notice after friday's close because they are below the 30 day $1 per share requirement that the NYSE has. DNT hasn't be delisted.
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Quote from bier:

Could be best time to short GM.
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I think its a great time to buy their bonds. The 2 year has a crazy yield and I dont think GM is going to go under. Ford yes, GM no. I have a client who has handled a lot of the big Detroit bankruptcy filings, most recently Federal Mogul and I was asking him about it alot this weekend. He does not think GM is anywhere close to having to file.

Brandon
 
Quote from Brandonf:

I think its a great time to buy their bonds. The 2 year has a crazy yield and I dont think GM is going to go under. Ford yes, GM no. I have a client who has handled a lot of the big Detroit bankruptcy filings, most recently Federal Mogul and I was asking him about it alot this weekend. He does not think GM is anywhere close to having to file.

Brandon
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Thanx for the helpful investment idea!

I'll pass on the GM long bonds, but 2 yr maturity debt does look great at 8% yield! I'm not sure where I can look up the yields on various 3rd world debt paper (Can someone provide a link?), but I'm pretty sure that even Russia & Argentina long bonds yield less than that.

Third world debt fund yielding only 4.18%
 
GM's future is bleak. Kirk Kerkorian will push for a GMAC spin off, and then let the manufacturing part of the business to go to bankruptcy. This is the only way for GM to finish UAW by the way, and I sincerely hope this scenario plays out for the sake of the future of this country.

Delphi's UAW workers a looking at 50-65% pay cut in the months to come. The cost of labor is finally getting to the market levels.

DVB
 
Quote from bestfriend:

Bought 80,000 DPHAQ at 27.2 cents.
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That's two posts in one day where you claim, well after the fact, to have picked the exact bottom/top, and with size.

Care to tell us in real time in the future?
 
reardon, the low in DPHIQ was around 23 cents. I came back to my office and saw it was trading on the BB and that's when i bought it. If I told you in real time, would you buy it? I don't think so, so I assume your complaint is you think I may not be telling the truth.

Well, I sold it between 37.8 and 45.2, so I no longer own it and won't claim I made more than the approx 10,500 I earned.

I don't have time to lie.

Now, since I'm out, it will go to $1.50
 
Quote from DVB:

GM's future is bleak. Kirk Kerkorian will push for a GMAC spin off, and then let the manufacturing part of the business to go to bankruptcy. This is the only way for GM to finish UAW by the way, and I sincerely hope this scenario plays out for the sake of the future of this country.

Delphi's UAW workers a looking at 50-65% pay cut in the months to come. The cost of labor is finally getting to the market levels.

DVB
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still ok to short IMHO
28.1 is the very max for at least 3 weeks
 
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