Delta Air

bestfriend · Sep 14, 2005

I am hearing this will not ever trade on NYSE again.

OTC only.We'll see.

power_uptick · Sep 14, 2005

Hey bestfriend,

Could you explain your rationale for
being long these airline stocks? Since
they are pretty much guarenteed to
eventually go to zero, isn't it pretty much
a crapshoot in the short term?

bestfriend · Sep 15, 2005

There isn't any rationale, I hate to say

zdreg · Sep 15, 2005

in the short run the survivors may do better and the price o fuelf oil may come
down

areyoukidding? · Sep 15, 2005

Thank you Delta and NWAC.

lescor · Sep 15, 2005

The common will probably go otc eventually. DAL has preferred stock, which is basically the same as a corporate bond, that trades on nyse. These will likely remain listed.

I'm long DNT and CYA.

risktaker · Sep 15, 2005

Huh! You just wait 'till somebody figures out how much all the real estate they own is worth! Whoever buys it today will look like a genius!

Quote from bestfriend:

I am hearing this will not ever trade on NYSE again.

OTC only.We'll see.

QQQShort · Sep 15, 2005

Quote from risktaker:

Huh! You just wait 'till somebody figures out how much all the real estate they own is worth! Whoever buys it today will look like a genius!

More likely than not, Delta's stock certificates eventually will be cancelled, an action that would reduce their price to $0.

arl · Sep 15, 2005

Quote from lescor:

The common will probably go otc eventually. DAL has preferred stock, which is basically the same as a corporate bond, that trades on nyse. These will likely remain listed.

I'm long DNT and CYA.

Would you mind explaining why you are long the preferreds?

lescor · Sep 15, 2005

In a reorganization, the bondholders usually still get something, whereas the equity is wiped out. I want to see how the debt trades, to get an idea what bondholders are expecting to salvage here.