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.

Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (394)	9/21/2004 5:11:03 PM
From: Carl Worth	Read Replies (1) \| Respond to 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.