Not sure it will rebound. Bonds are 11c on the dollar today, if they won't be made whole, how can equity do better? Bondholders tried to oppose DFA deal and are working on Ch. 11 plan to submit to court. If no better offer emerges and lenders/DOJ continue to oppose DFA in April, judge may cram down his own decision (which will probably be the worst decision) on all. Judge is infamous for being anti-stockholder in all his past cases.
DFA's $425 M bid hardly values the assets fairly. And its really puzzling why Rabobank would lend them $850 M when DF debts were already over $890 M (1.1 billion if AR facility is included). Its as crooked as it gets and only lawyers make money in such "deals".
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