That depends on where your JPS starting point was... At the current price of JPS, its actually quite attractive IMO. You have a solid 10-12 years for 100% gain each year if they get released by the end of that time frame.
It was obvious that scotus wants this to proceed as a nationalization/takings/exaction case.
Because of the liquidation preference both common and preferred are screwed but if you think these companies will be around as private shareholder owned corporations and there is no other action against the capital structure aside from warrant execution the preferred seem to be more attractive.