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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST

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To: OtherChap who wrote (17293)9/16/1998 9:33:00 AM
From: Jay8088  Read Replies (1) of 164684
 
With only losses from operation, AMZN is unlikely to pay back its $530 million junk bonds. Yet those junk bonds have seniority over common equity - which puts the value of common at around zero...

Most likely outcome of AMZN in next few years: Reorganization and issuance of new common shares against those junk bond debts. Tough luck for current shareholders....
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