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Strategies & Market Trends : Value Investing
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To: Prospec1 who wrote (43155)7/2/2011 3:23:25 PM
From: Spekulatius   of 78681
 
re ABH -
In this instance, if the judge approves the pursuit of fraud, the company will be under supervision, and order the formation of another Equity Committee, if the management is guilty

A long shot imo. I have seen countless assertions that common stockholders complain about getting wiped out. Well, that is the nature of bankruptcy. ABH pre bankruptcy had a huge debt load and was running short on cash, bleeding several hundred M$ every quarter. - with the credit market pretty much closed they had no choice.
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