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.

Technology Stocks : CAWS - Wireless Cable (New and Improved) -- Ignore unavailable to you. Want to Upgrade?

To: Gary R. Owens who wrote (4514)	1/15/1998 10:41:00 AM
From: Virgoz	Respond to of 5812

CHAPTER 11 FLAGSTAR is a good example of Chapter 11. This is the company that owns Denny's chain restaurant and Arby's. They were in huge debt just like CAWS. The company was bought by another entity. Guess what happen next? All the shareholder of Flagstar GOT NOTHING! THE STOCK HIT 1/64TH and if there is another fraction next to it, perhaps it did. The new owner has asssumed all debts. MORRISON KNUDSEN LISTED IN THE NYSE (famous for building the San Francisco bridge) is another example of chapter 11. It was bought by Washington Construction. Morrison has some tangible asset in mining & other investment. When it was taken over by Washington, the shareholders of Morrison thought they were saved. The fact was their shares cost less than what its closing value. The new price of Morrison was based on its left behind tangible value. I never owned those stocks. I knew about it thru CNBC during the time I was glued on the tube. Perhaps it time to move on while there is still some value left. I've gained a lot of experience on these thread. Win friends as well enemy. regards to all virgoz