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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tommaso who wrote (136899)12/3/2001 2:07:39 PM
From: reaper  Read Replies (2) of 436258
 
Debt is trading for pennies on the dollar. Debt holders get made whole b4 equity gets ANYTHING. Guy who wrote that article is doofus; equity doesn't participate proportionately to debt; they get paid LAST. Enron equity holders are LAST in line; they won't get anything.

Doesn't mean the stock couldn't rally in the interim. Dumb-f---s like the guy who wrote that article bid XO (XOXO) back to $1.03 from 27 cents before they got zeroed on Friday.

Cheers
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