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Non-Tech : Bill Wexler's Trading Cabana
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To: Bill Wexler who wrote (394)9/21/2004 5:11:03 PM
From: Carl Worth  Read Replies (1) of 6370
 
Interesting that Berkshire Hathaway owns 15% of the outstanding stock, and Fidelity owns 10%.

Thanks for the link, I noticed that on this page,

usg.com

it states that in the bankruptcy, "the interests of the Corporation's equity security holders are likely to be substantially diluted or cancelled in whole or in part"

However, this must not pertain to current shares of USG, as Buffett and Fidelity probably wouldn't be holding large positions in a stock that was likely to be substantially diluted or cancelled. Or am I off base in this assumption? There are certainly a lot of shares short, apparently betting there will be dilution, the compromise won't pass, and/or that USG's liabilities will be much higher than currently priced into the stock.
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