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School Specialty Inc. Message Board

  • amanick2 amanick2 Jan 29, 2013 11:08 AM Flag

    why this is till a buy

    It is highly unlikely that any bankruptcy court will allow the shareholders not to benefit from the sale.The Canadian branch is not part of the bankruptcy plan and there is plenty of solid assets in the company to be sold for profit.The last 2 quarters were profitable and we will see what the next quarter has to offer. At these prices anyone buying and holding shares can see this stock rise very quickly.Someone absorbed a lot these shares as they were being dumped. I am still loading up because i do not see the share holders getting burned and for that reason I am still accumulating and holding.The rewards at this price is greater then the risk

    Sentiment: Strong Buy

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    • Who decides if the shareholders benefit? Or are you just pumping for some pennies.

      • 1 Reply to uredaddybewho
      • In all bankruptcies the court reviews all assets and determines whether or not certain items should be included in the sale of assets and they review the damage that can be done to shareholders. The courts always have the final say. My take on this is that they will not allow the share holders to be screwed by this because the company has a lot of assets.What I believe is going on is that someone is buying up all these cheap shares because they will not allow or are excluding the shareholders from the proceedings and someone is going to get rich real quick. I wouldn't be surprised if bay capitol is the one buying the shares

        Sentiment: Strong Buy

    • Ask GM shareholders how that went for them. 99% chance of 0 for this. I'm holding because it's pointless to sell now but don't encourage poeple to "average down". Tax loss for this year's taxes anyway.

      • 2 Replies to adventuesome
      • u r so lame

        gag me with a spoon

        Sentiment: Strong Buy

      • GM is a whole different industry. I am averaging down because as I said the risk reward is worth it to me. If we have another good quarter where the company showed profit there is no reason to justify locking out the share holders. Even if this went to 20cents per share it is worth the buy and hold. I honestly believe that a lot of panic selling set in. if you want to use GM as an example look at what transpired after they announced the stock dropped and came back several times before they actually finished the process. for that reason i say it is still a buy at these prices.

        Sentiment: Strong Buy


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