[PennyMillions852]

YAWN..........

[PennyMillions852]

Damn, this thing needs to be headed UP!!!

[whytestocks]

News: $LEA Lear to Present at J.P. Morgan's 18th Annual Tech/Auto Forum at the 2020 International CES

SOUTHFIELD, Mich. , Dec. 16, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, will participate in J.P. Morgan's 18 th Annual Tech/Auto Forum at the 2020 International CES in Las Vegas, Nevada ...

Find out more LEA - Lear to Present at J.P. Morgan's 18th Annual Tech/Auto Forum at the 2020 International CES

[whytestocks]

News: $LEA Lear Corporation Appoints Mei-Wei Cheng to Board of Directors

SOUTHFIELD, Mich. , Jan. 24, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader, today announced that Mei-Wei Cheng has been appointed to Lear's Board of Directors. Mr. Cheng currently serves as the Non-Executive Chairman of the Board of Di...

Find out more https://marketwirenews.com/news-releases/lear-corporation-appoints-mei-wei-cheng-to-board-of-directors-7549588.html

[ValueInvestor15]

RBC downgraded Lear $LEA to Sector perform. WHy? Fundamentals show stock's +20% undervalued analysis

[Sculelos]

I suppose, it's not even listen on TDameritrade yet though.

[Atlanta1]

"It has not been issued yet, until then no public will be allowed to buy it"

This is wrong. It is trading on the NYSE on a "when-issued" basis.

[Sculelos]

It has not been issued yet, until then no public will be allowed to buy it. Sorry for you loss but all your money that you put into LEARQ is gone, never to be seen from again. Take it as a lesson learned why not to blindly buy any Q stock without significant research. Some Q company's issue new stock to current holders some just change the ticker and the stock goes massively up and some just cancel outright.

Lear chose to cancel outright so any holders of LEARQ, ain't holders of anything anymore.

[DAD2]

Here is a link to CNN.




http://money.cnn.com/quote/quote.html?symb=LEAWI

[twr1183]

there is no such a symbol name ( LEAWI ) in yahoo finance !!!

[DAD2]

New Ticker Stats for today


(NYSE:LEAWI)



Prev. Close:56.25
Open:56.25
High:57.00
Low:55.24
Volume:1,549,350
Volume Avg.:
052wk Range:

[DAD2]

Yes, but i only found it when i did a search on AOL Money.

[twr1183]

lea is that the new name ???
nothing in yahoo ???

[DAD2]

NEW shares trading info.


Last Sale: $ 56.25
Share Volume: 1,252,999
Today's High: $ 59.45
Best Bid: N/A
52 Week High: $ 59.45
Market Value: N/A
Earnings Per Share (EPS):
Official Open Price: $ 52
Close Price: $ 56.75
Net Change: 56.25 N/A
Previous Close: N/A
Today's Low: $ 50.50
Best Ask: N/A
52 Week Low: $ 50.50
Shares Outstanding: N/A

[Atlanta1]

The new stock was trading today around $52. I spoke to the VP of Investor Relations.

[DAD2]

Now that the OLD/NEW stock is closed, here is the foward thinking i am doing.

1) Lear has zero debt which as a invester we all look for.

2) Lear says they have a back log of orders, means income.

3) Lear has a third quarter profit ( net income was $24.6 million, or 32 cents a share) reported.



Before the BK the stock was in the $5-10 range, what is going to be very interesting is how they price the stock under LEA.

Lear will host a conference call at 11 a.m. EST Wednesday to discuss its third-quarter results.

Thoughts??

[Atlanta1]

your shares were cancelled and are worthless. you had a small window to sell this morning, but the last trade was around 10:05 AM

[twr1183]

i ask the same q ,,, he said that any one have shares in learq.pk has been canceled ,,, in my opinion any one bought shares in thursday or friday he bought after the bankruptcy

Common shares issued before the bankruptcy filing are worthless, said the company. (Reporting by Chelsea Emery; Editing by Lisa Von Ahn and Tim Dobbyn)

[peace2all]

hi atlanta, i have a question. i bought some shares on friday nov 06. do my shares become cancelled or do i get new shares under new ticker? thanks

[I am a cretin]

By Shawn Langlois, MarketWatch

SAN FRANCISCO (MarketWatch) -- After falling into bankruptcy four months ago, Lear Corp. said Monday that it has emerged as a more competitive auto-parts maker with a strong balance sheet and an improving business outlook.

"We have moved through the financial restructuring process without missing a beat operationally," said Bob Rossiter, chairman and chief executive officer. "We have continued to win new business globally, strengthened our industry-leading global capabilities and the spirit of the Lear team has never been more positive."

The Southfield, Mich.-based company, which employs about 75,000 workers across 36 countries, said it cut its debt obligations by about $2.8 billion and now has more than $1 billion in cash.

Lear's debt now stands at less than $1 billion, all at competitive interest rates and no near-term maturities, according to the company.

Lear /quotes/comstock/11i!learq (LEARQ 0.02, 0.00, -18.41%) said its new common stock, which will trade under its historical ticker "LEA," will begin trading on the New York Stock Exchange on a "when issued" basis on Monday before trading "regular way" within several days.

The company, which makes car seats and electronics, said its net sales backlog totals $1.4 billion for 2010 to 2012, marking a 25% improvement from its prior status, even with the industry's lower production levels.

Last month, fellow parts-maker Delphi Corp. announced its emergence from bankruptcy after a four-year trip through the court.

[Atlanta1]

He bought after the bankruptcy was filed, but they were still in B/R. They came out of B/R today and issued new shares, cancelling the old ones.

[twr1183]

if any company but a (q) after the symbol that means its files for bankruptcy ,,, what i under stand that any one bought shares in thursday he bought the shares after the bankruptcy ,,, any body can confirm that ,,, thanx

[Atlanta1]

no - the shares you bought were issued prior to the bankruptcy, so they are worthless.

[twr1183]

you mean learq.pk after the bankruptcy ,,, so we own shares in the new lea ???

[Atlanta1]

yes

[twr1183]

i didnt under stand this ???
Common shares issued before the bankruptcy filing are worthless, said the company. (Reporting by Chelsea Emery; Editing by Lisa Von Ahn and Tim Dobbyn)

do they mean the shares before learq.pk are worthless ???

[mkinhaw]

Yup, as of 10.20 AM

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/09/2009&mkt_ctg=NON-OTCBB

MK

[Atlanta1]

I hope you got out - it looks like trading has now halted.

[twr1183]

i am traying to sell my broker in kuwait say we have problem in the system ,,, :(((

[Atlanta1]

looks like you'll get a chance to get out this morning without losing everything.

good luck to you.

[ammobldr]

This maybe a dumb question but how can they just cancel shares witout buying them back? Seems like they would want to take care of their current stockholders that stuck with them through the hard times.

[twr1183]

i did not sleep in weekend ,,, no 0.0195 ask 0.020

[Atlanta1]

looks like some short covering on the open

bid is up to .0195

[Atlanta1]

current bid is .015

[DAD2]

You might be able to sell for .01 at least for today to unload your shares.
Good Luck

[Atlanta1]

you are in denial. I'm truly sorry that you didn't understand the situation before you put your money at risk:

"The Company has filed an application with the New York Stock Exchange (NYSE) to list its new common stock under the ticker symbol "LEA." Subject to the approval of Lear's application, Lear expects that its new common stock will begin trading on the NYSE on a "when issued" basis (LEA WI) on or about the effective date of the Plan of Reorganization and commence "regular way" trading as soon as possible thereafter."

" On the Effective Date, Lear’s common stock outstanding immediately prior to the Effective Date will be cancelled pursuant to the terms of the Plan."

[twr1183]

they did not say any thing about the new or the old stock !!!

[Atlanta1]

you don't own the new stock - you own the old stock, which is worthless.

[twr1183]

Lear Corp. plans to emerge from bankruptcy protection Monday with a message from Chief Executive Bob Rossiter: "We are a tighter, leaner company that will never make some of the mistakes we made in the past."

The Southfield, Mich., company, which produces seats and electronics for automobiles, expects to emerge from bankruptcy court on Monday, just four months after it filed for protection under Chapter 11 of the U.S. Bankruptcy Code. Despite concerns voiced earlier in the year suggesting there would be no bankruptcy financing available for auto suppliers, Mr. Rossiter managed to line up creditors and lenders willing to ...
wich means that we will see gap up on monday ,,, good luck for all how bought shares on friday ,,,

[joe_trader]

oha

On Monday, Lear is expected to post a $100 million operating profit and $100 million in positive free cash flow for the third quarter, as well as announce that its new business backlog for the next three years has swelled to $1.4 billion, or 25% higher than it was in January, according to a spokesman.

[joe_trader]

news

http://online.wsj.com/article/SB10001424052748703808904574523552124997912.html?mod=googlenews_wsj

[DAD2]

Now the million dollar question.
What will they price the NEW shares at when it gets back on the NYSE as ticker LEA?

Any Thoughts??

[joe_trader]

you are sure that we trading monday the old stocks again ?

[twr1183]

Judge Allan Gropper approved the company's plan at a hearing in New York. Lear, which makes vehicle seats and electronics, said it expects the plan to become effective and for it to exit Chapter 11 on Monday, once closing conditions have been met.

monday the last day for trading shares ,,,

[DAD2]

You really need to look at the NEWS, actually the bankrupcy agreement the Common stock is worth $0.00 as of the end of trading today or when they get approved as the NEW ticker for the restructured company.
Trade Smart and do the research.
Good Luck.

[mkinhaw]

You threw your money away
you bought shares that will be canceled as of tonight or
by the open on Mon
you have to read the PR s and filings
its there very clearly
hope you didn t buy too many
MK

[joe_trader]

it is over for lear corp / old shares
no trading next week.
you have burn your money !!!!!

[twr1183]

im in @ 0.035 i think its a good price ,,, only 15,000,000 shares trade less than my price ,,, 0.08 by next week i hope ,,, good luck ,,,

[RonnieD]

I just reviewed the court document, the reorg plan approved.
common stock gets nothing at all.
the lowest rung of Unsecured Claims is receiving warrants for new stock, and management/employees are being granted 2.7% equity incentive in new stock. The rest is all Preferred for the debtors, or will be issued and sold to the public upon new listing.

goes to show... don't believe anything you read from any of these writers/reporters on the internet, even if it's the Wall Street Journal.
The actual Court documents are the only valid statements to consider.

~fin