Winn-Dixie (WNDXQ)

[George the Greek]

Interested in the post-bankruptcy performance from any who know it in depth, please.

Short from [28,29] range, and the follow-through after the spike ($32.11 on 6.1) is disconcerting, but believe there may be some correcting going forward.

FBR puts a $24 target on WINN:
http://uk.biz.yahoo.com/16052007/244/score-winn-dixie.html

A Smart Money article:
"Tuesday's squeeze is another distorted result at a company where investors still haven't fully established a valuation, and more time is necessary before that happens."
http://www.smartmoney.com/onedaywonder/index.cfm?story=20070515&src=fb&nav=RSS20

[P K G]

Now WINN.

[MiMiC]

Sure, go ahead.

[dwwba]

Is anyone going to open a new board under the new ticker WINNV?

[MiMiC]

Looks like the ticker is gone

[MBoomer17]

I honestly dont understand why anyone would be holding this right now.

[neatnick]

does anyone know how or where to short otc bbs?

[PayDirt!]

I started to invest, thinking this would be another Kmart and then it hit me, Kmart cancel all there shares. I've been reading some of the board's postings. The PR on Nov. is disturbing so, I called the number on Winn Dixie's site (investor page)1-888-822-5593 (American Tranfer). Here is what they said, all common stock will be cancel and deemed worthless. (I may of misunderstood her, I only say this as a disclaimer in case she doesn't know what she is talking about) Call is toll free, Check it out for your self, Hope I'm wrong. GLTA

[MiMiC]

yes, but that is the only way i knew to say new shares and give it that level... :) sorry.

[trueblueballz]

Doesn't sound to me like it's going be an IPO. The new shares will just be given to creditors, and then what the creditors do with that i have no idea. Shareholders get nothing.

[MiMiC]

Perhaps SH should get pre IPO deal?? Allow us to buy same amount of shares we turn in at a discount???

[trueblueballz]

It does suck for longs, esp the ones who hung in there for the entire ride. But, while I have to agree that creditors should get first dibs on the new shares (since it's the company and the shareholders of the company that declared bankruptcy, and technically the company/shareholders owe the creditors this money), it is a pretty crappy way to treat the longs. I wonder how many of those longs will re-invest in the new Winn-Dixie? I'm guessing... ZERO.

[MiMiC]

But I bet they will want to sell new shares into the market to raise money!!! We'll see what happens. I've thought for a while this company would do well and survive the BK, but this really sux for the longs!!

[stock_diver]

Missed the Squeeze on Friday - OUT :}

[emulwa]

I did not see it until Saturday. I able to take minimize my losses this morning.

What are the tax implications to me as a Winn-Dixie shareholder?

If the proposed Plan of Reorganization becomes effective and the Winn-Dixie common stock is cancelled, in general an existing stockholder should be able to claim a loss on his investment, which may be used to help offset tax liabilities. However, you should consult your tax advisor or other tax resources to determine how this should be handled on your return.

[stock_diver]

SQUEEZE Pleeeeeze! RISK ROCKS! :}

[trueblueballz]

Yes, it does appear that the common shares just may vanish into thin air.

From the horse's mouth (Winn-Dixie website FAQ; in summary, WinDixie says common shareholders are not as important as other creditors and that they may take the stock cancellation as a "loss"):

Why does the press release say that Winn-Dixie will be providing equity to creditors if the common stock is being cancelled?

Under the proposed Plan of Reorganization, all current holders of Winn-Dixie’s common stock will see their common stock cancelled once the Plan of Reorganization becomes effective. The reorganized company will then issue new common stock to creditors to satisfy their claims in accordance with the Plan of Reorganization.

Why can’t existing stockholders with “old” shares be allowed to exchange them for “new” shares?

The bankruptcy code requires that shareholders must be given a lower priority than secured and unsecured creditors. As we finalized the claims against the Company and took into account the expected value of the Company upon emergence from Chapter 11, we determined that we could not dilute this value further by issuing additional “new” shares to existing stockholders.

What are the tax implications to me as a Winn-Dixie shareholder?

If the proposed Plan of Reorganization becomes effective and the Winn-Dixie common stock is cancelled, in general an existing stockholder should be able to claim a loss on his investment, which may be used to help offset tax liabilities. However, you should consult your tax advisor or other tax resources to determine how this should be handled on your return.

[emulwa]

http://www.winn-dixie.com/company/reorganization/investor_faqs.asp

[tassies]

At the last trading day more than 13 million shares were traded.Are you telling me these people knowingly are going to loose it all? Is the company trading shares that are of no value but people still buy them and sooner or later these shares are just going to vanish in thin air?

[stock_diver]

Massive Short Squeeze - .20 Then 0.0001 ? :}

[trueblueballz]

Just read the press release myself, and it does look like common shareholders are about to get dumped!

And, what do they mean by "certain classes of creditors will receive shares of the newly issued common stock"? Sounds to me like the company is going to basically take the shares owned by common shareholders and give them to the banks bailing them out. WTH? The shorts must be dancing for joy.

I guess the best thing the common shareholders have to look forward to is if the reorganization FAILS. Then, at least they can keep their shares -- no matter how cheap the shares get, they'll still be INFINITELY more valuable than ZERO. Craziness.

From the Nov 9 press release:

"Under the Plan of Reorganization, the Company's existing common stock will be cancelled and no distribution will be made in respect thereof. Creditors of the company will receive the distributions provided for in the Plan if the Plan is consummated. If the Plan is consummated certain classes of creditors will receive shares of the newly issued common stock of the company on the Distribution Date provided for in the Plan. The value of the common stock to be issued could be highly speculative both for the business reasons set forth above and for other reasons, including that there is no existing market for the shares, that the total number of shares to be outstanding cannot be determined at this time because the Company has not completed its determination of the necessary reserves for disputed claims and, to the extent described in the Disclosure Statement, the shares will be subject to certain restrictions on transfer under certain circumstances in order to protect the company's use of certain tax attributes following emergence. Accordingly, the Company urges that appropriate caution be exercised with respect to existing and future investments in the new common stock to be issued or in any claims related to pre-petition liabilities and/or other Winn-Dixie securities."

[trueblueballz]

Can the company do that? Just "cancel" its shares? Holy Cow!

[MiMiC]

Hope I can get in at a low pps, but have to wait until i get out from under ezto :(

Good luck all!!

[MBoomer17]

Doesnt this concern you...

"Under the Plan of Reorganization, the Company's existing common stock will be cancelled and no distribution will be made in respect thereof."

[emulwa]

Within a month, the "Q" will be taken out of our WNDXQ symbol and up up up up to Dollarland IMO. In the meantime, watch how this will move, just like IICP did before they took the 'Q' out a few weeks ago. Since the 'Q' was taken out of the ticker symbol in IICP, the stock has been un almost 200% in a less than 2 weeks and it is now trading at new highs. Our WNDXQ will start creeping up slowly because the creditors who were involved in the BK proceedings know what WNDXQ is worth, and they might want a piece of this in the open market IMO since part of the deal was for them to get some shares a new symbol is issued, hopefully WNDX. Do some DD on K-mart when it was filing for BK and see what happenned to its stock. I believe it went from $2 to $135 before it was acquired by Sears or vice versa in a few months.
Outstanding Shares: 141,858,513
Number of Shareholders of Record: 40,159 (This is huge, and good for a pinkie)
Float: 83,000,000

[emulwa]

watch for the short covering this coming week. 14mil shorted, Float is 83mil. they have 7 days to cover, but with a great week coming, someone will have to feel the pinch of shorting a defenseless stock.
http://www.shortsqueeze.com/index.php?symbol=wndxq&submit=Enter

I have never seen a stock with $7billion in revenues trading at 0.09. Could this be a goldmine here?
Another example of K-mart coming off bankruptcy IMO. How would you like to own a stock worth $25 at $0.09? Lets get Sears to buy this one as they did with K-Mart. Hey Sears, wonna beat walmart at its game? Then purchase Winn-Dixie from us.
If one buys $5,000 worth at 0.1, they would have 50,000 share. Selling all at, say $25 (if all goes well), the you will have $1.25mil and an early retirement.
Whoever sold at the last minute in Friday, too bad for you. We are riding this train for a while.

[stock_diver]

BIG POP @ the End - Don't Miss IT! :}

[emulwa]

O/S todate?

[smartdiamond]

Buy confirmed Nov 7 06

Americanbulls

http://www.americanbulls.com/StockPage.asp?CompanyTicker=WNDXQ&MarketTicker=OTC&Typ=S

[Zardiw]

Don't know if it has another jump in it or not...the time to get in and then OUT was back in July....it may just peter out from here, which is my guess..............z

[hang ten]

First thing I thought of here was Kmart and Lampert etc etc. Anybody?? But caveat emptor because Kmart shareholders lost all. I'll watch this post chap11 / October.

Ciao

[Zardiw]

I wasn't aware you were thinking, much less even capable of thought..........et z

[MiMiC]

I presume you have not concluded my position of thought. But being you seem to be one to blame without reason, I’ll allow you to continue down ignorance by yourself.

[Zardiw]

You won't be far wrong if you blame him for EVERYTHING...lol..z

[MiMiC]

My apologies for not believing you and requiring an actual reason as to why Bush would have perpetuated Winn Dixies demise. But that is why slander is accusation without facts.

[Zardiw]

He's got his ways believe me...lol...et z

[MiMiC]

now how does Bush bring WD into BR??

[MiMiC]

yes

[ker7502]

And it tanks again.

[realtmg]

darksmuggler
Would you pm on realtmg@yahoo or msn please? Thanks.

[darksmuggler]

It is just a joke that runs around some forums. It is a talking ciber e-mail monkey that gives "advice." I hope you can appreciate the humor on it.

[realtmg]

What is the winn dixie Monkey? Thanks.

[darksmuggler]

I can guess as good as you.

From what I understood reading their info on the bankrupcy communication, it seems that once they approve the plan in july or august, they will cancel current shares and re-issue them to their non secured creditors. Current share holders will be delt with by the winn dixie monkey.
http://www.careerbuilder.com/monk-e-mail/Default.aspx?mid=11287183&cbRecursionCnt=1&cbsid=bc....

[realtmg]

what will this stock do in the next month? any opinions appreaciated.

[darksmuggler]

A message from the Rally Monkey evil fraternal twin sister, the Winn Dixie Madamme:

http://www.careerbuilder.com/monk-e-mail/Default.aspx?mid=11287183&cbRecursionCnt=1&cbsid=bc...

[darksmuggler]

Quote:

"Current holders of Winn-Dixie’s equity will not receive any distributions following emergence and their equity interests will be cancelled once the Plan of Reorganization becomes effective. Similarly, subordinated claims, including stock-related claims, will not receive any distributions and will be discharged."

That is from their re-eorganization plan annoucemen.

I will all be Tinkebells Dust. Just like Argentina today with Germany.

[darksmuggler]

Just go to their site,or any site and look at the PR from yesterday:

http://www.winndixie.com/company/news/2006/releases/062906.asp

[ker7502]

Why is there so high volume if investors know that they are going to cancel the stock? When will they cancel the stock?

[Zardiw]

Yeah, well that bitch Katrina had a hand in it, AND our good ol' prez with his ineptitude......z

[darksmuggler]

People investing in WNDXQ, watch out!

The company is trying to get out of Bankrupcy and things look good for...the company. As it sems, investors will be given as a sacrificial offering to the devil!!! Any shareholders will be seen his stocks cancelled and turned into fairy dust. Then the stocks will be reorganized and given away as payment to non secured creditors. They just got wachovia Bank to believe they can be a company and obtained $$800 million credit. This was announced yesterday at 3:00pm. Thy are having heavy volume trading as we speak????

So this is an example of what a stinky company may do to its investors.