McDermott International Inc. (MCDIF)

[Slojab]

Some people playing this ticker are just hoping that it continues trading long enough to flip it for profits.

I imagine there may also be some people who hope that McDermott has money left over after paying senior creditors and preferred shareholders in order to receive new shares of the reorganized company. Happens in rare instances. They may not receive a one for one ratio of new to old but there may be a chance that the current low price will offset the lesser share total and the stock appreciation after coming out of bankruptcy will make up for it.

It may be a long shot but McDermott, with Chicago Bridge and Iron's backlog, etc, there is a chance that the business, if run properly, could once again be a profitable company.

I'd use J C Penney as an example of just the opposite. If they were to go through bankruptcy, I'd be hard-pressed to think they'd survive in any way shape or form and there'd be zero chance of any shareholder ever getting anything back from their common shares.

This is all my opinion based on what I've learned about bankruptcies over the years. But I'll stand firmly behind everything I've stated. (-;