Intelsat S.A. (fka INTEQ)

[ReadyToRumble]

Definitely bring yourself up to speed if you have any $$ on the line with this stock. Appoloossa, Tepper's "house," owns enough shares to make a difference in which way this company goes. Right now, I feel he's pushing for chapter 11 in order to restructure debt as well as force the FCC's hand. But, I'm not sure where that leaves us. Intelsat could indeed be delisted and drop into trading OTC. But there are other massive companies worth more than Intelsat trading there (think Fannie and Freddie) so that doesn't bother me as much as possibly having our shares cancelled as part of the chapter 11 strategy. If they try that mess, I'm afraid I'll be spending even more money in legal fees in an effort to protect my investment. Gonna need to be very watchful on the developments from this point forward because Tepper can make things happen while protecting his interests... and flushing ours.