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Posted by: jmrsage1 Date: Thursday, March 18, 2010 3:35:56 AM
In reply to: _bbb_ who wrote msg# 7436 Post # of 7438
bbb - Seems like the unwind on Nortel will be a long process. Not worried here about canceled shares for at least a year or longer.
Again, great news you just posted.
I am in NRTLQ at .061, so I can hang comfortably in this one.
The value of these companies in bankruptcy was determined in the depths of the financial crisis and the situation has improved considerably since then (ex: VSTNQ ).
I don't think Visteon or Nortel are even close to the situation on some of the other Q's. WAMUQ and LEHMQ are fighting over the crumbs left on the table. Visteon and Nortel have existing income-producing assets in their bankruptcy estate to bank off.