i see the stock is trading up, but i wonder if all those that are buying have looked at the company's balance sheet..it's not very pretty, and i predict that when all is said and done, that km common holders will get close to zilch as per usual bankruptcies. the creditors are going to eat the shareholders' breakfast, lunch, dinner and late nite snack. I think i'll be able to make some nice money on this one by betting against the lemmings.
people, you seem to forget that the secured creditors (bondholders, banks, debtor-in-possession creditors] and unsecured creditors, shopping mall owners, entities to whom kmn owes taxes to, vendors/factorers and perhaps even the federal government/pbg will be looking to split up this puppy. there will not be enough common for everybody.