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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (23511)3/16/2006 9:31:14 AM
From: E_K_S  Read Replies (1) of 78915
 
Just watching . . .DANA Corp. DCN (now DCNAQ) filed for bankruptcy on 3-6-06 and traded at a low of $0.66. Stock could still eventually become worthless but it continues to rally higher. The stock is trading now at $1.62.

I guess these potential value bankruptcy plays is a question of Risk vs Reward. It will be interesting to see if the company ever comes out clean from their bankruptcy and can keep a large percentage of their pre-bankruptcy equity (s/b around $6.00/share).

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Conagra CAG is looking interesting. Company announced that they will cut their dividend and is now trading below $20 a two year low. With several of their operations exposed to the potential threat of bird flu, CAG may become a distressed fire side sale candidate. Watching for now but may pick up a few exploritory shares on any significant sell off.

EKS
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