Yes, I think you're right on this LD (this time, lol).
Key upside has to do with the NOLS and also what happens in Fall 2013 when the 20 quarters are up. I think we'll be kind of flattish for about a year (maybe trickling up bit by bit) and then maybe we'll start doing better in fall 2013. Wait and see, buy and hold, hope and dream.
Someone yesterday brought up EKDKQ. I'm going to look into the Eastman Kodak $500m Senior Secured Notes Due 2018, 9.75% rate, I'm not sure what they are trading at but I'll find out tomorrow. It seems like a strategic merger. They don't have all that much debt, about $1.1b or so. No preferreds. My guesstimate is that they are cleaning up their executory contracts and what not and will survive in some fashion, albeit a lot different from the old days. I post this here as the people on the Yahoo! EKDKQ message board seem a bit hostile to newcomers, lol.
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