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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Jurgis Bekepuris who wrote (57075)4/29/2016 2:02:11 PM
From: Jurgis Bekepuris  Respond to of 79151
 
OT (not a value investment, the following posted for fun/info of how BKs go, don't invest unless you understand BK, etc.)

SFY is exiting BK now.

Common is getting 4% of new equity and warrants.
Senior notes getting 22% of new equity and no warrants.

You can no longer buy old common or notes.
But overall common holders are getting way better outcome than the note holders based on pre BK prices of common and notes.