I am seeing this like GM sadly... One of largest long time US corps with decades of insider/lobbyists deals made in DC, and the top tier execs will benefit and puppetholders, which ALL shareholders ruined to pay them off.
Look this am. already down to recent 52 week lows. looking like it's going into 6's now !!! Unreal...
I have been through MANY BK's over years. One of only one's I held through due to court structuring was YRCW in which I came through and sold my position when it bursted to $25.00 level shortly after they cleared courts- but after that it fell, and has continued to do since never recouping those values either and still is struggling today trying to hold onto $5.00 per share value even... It's always the unions who ruined all of them and the political circuitry behind the union members trailing all the way to DC for decades... Mainly Democrat party associates...
I will never stay through another BK, got lucky with YRCW, but I had losses in others such as GM, CIT, UA, etc etc . Especially is Carl Icahn is EVER mentioned, RUN like hell with what you got, as his first M.O. is to kill all shareholder responsibilities of any corp he is called in to help keep running.
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