RE: WHY WAMUQ IS TRADING AT .20 TAXX, Research General Growth Properties Bankruptcy and You will see that becuase a stock is trading at ONE price does not mean that is the TRUE value.
The stock was .34 cents, they took a solvent company into bankruptcy stock is over 13 dollars in less than 18 Months
The best Book ever written on distressed debt investing is
The Phoneix Approach by William J Grace please check this book out