Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: kormac who wrote (75778)	10/7/2000 5:57:26 PM
From: Razorbak	Read Replies (1) \| Respond to of 95453

O/T - Ownens Corning Seppo: Although the company will probably emerge from Chapter 11 as a going concern (no small feat, in and of itself, given the normal odds), the current equity will probably be worthless or will only get warrants for upside. If you want to play this special situation, the best way is probably via the bonds, which are trading at a huge discount to their face value and which will probably get converted into equity in the recapitalized company. Alternatively, you can wait for the company to emerge, and then buy the new equity. New equities that emerge from Chapter 11 proceedings statistically do better than the market as a whole. Razor