G'day all F.E., Dave & all - glad to see a thread started for BRADV. Dave, sorry to say, your old BRLY will most likely be good for some tax loss. I used to own the prerestructed WANG. The thing is that once enter bankruptcy - this is not restricted to Bradlee - the common shareholders are at the bottom of the food chain, so one should be worry about any xxxxQ stock in general, even if there is a sharp spike up. IMHO, it is shark bait! Anyway, the advice given - ask your broker - is probably a good one in your situation.
F.E., without any detail of the post bankruptcy financials, plus the fact the some creditors may quickly liquidate their share of the spoil [I think that is how many bankruptcy cases work, some creditors get paid for their services/goods with the new stock. But in this case, BRADV does have a $270MM revolving loan for dough out real money,] it may be prematured to take a position [of course, the general market condition doesn't help either.]
best, Bosco |
