Sat, Jan 31, 2015, 4:32 AM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.


  • leodavinci2 leodavinci2 Jan 2, 2008 12:53 PM Flag

    preferred pay?

    Anybody think the preferred stock will pay something when all is said and done. I'm still holding some. It doubled today for some reason.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Here is the pecking order for payout. Link --

      1. Administrative expenses and professional services. These are the people who do the work of filing the bankruptcy, such as the lawyers. (Are you surprised?)
      2. Secured claims, including mortgage holders.
      3. Priority claims, including wages and taxes.
      4. Unsecured claims. Most likely, that's you, trying to collect for goods sold or services rendered.
      5. Equity claims. These are stockholders. If it is any consolation, they will probably get even less than you do.

      My own opinion is if you are not near the top of the pecking order and there was not a lot of money recovered through the chapter 11 procedings your recovery for prefered will be nothing. JMO Good luck.

0.0030.000(0.00%)Jul 24 3:13 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.