Replies to post #36 on Cit Grp. Pfd A (fka CIT-A)

[RonnieD]

somewhat assumptive articles were put out presupposing "fact" that all CIT pref and common would be a total loss. That conflicted with what I read on the DJ Wire, which is not on the internet. With the least of the unsecured poised to get 70 cents on the dollar, recovery to all pref and common would be minimal. Of course, "minimal" from this level could result in profit from whatever units or rights may be distributed post-bk.
I'm starting to lose interest in it for now, much is in question this early...