The credit crunch is playing havoc with these BKs. Delphi was forced to sweeten the pot with the old commons, namely tepper and his homie's and that ain't over by a long shot. When the banks eventually refuse to pony up here, dana will be forced to crawl back to tepper with his 22.5 million shares and sweeten his(our) pot. They tried kicking us to the curb and now it's backfiring. IMO
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.