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Dean Foods Company Message Board

  • walk57 walk57 Feb 14, 2013 10:36 PM Flag

    OT Burnaka

    Not sure if you're still here because you didn't appear to like DF's 2013 projection, but if you are, you still might consider one name I brought up that you hate. BTW, added even a few more DF today. Hope that doesn't get a couple "thumbs down" from the new clown patrol here.

    Its OTT. As you know, I find this security interesting. Its the last "IDS security" that I know of in the USA. Its headed to chapter 11 in about a month, but IMO its worth at least $3.00/share post-bankruptcy when new shares are issued. The real risk for this stock/bond hybrid was the banks refusing to negotiate its long-term debt due in October of this year. They have agreed to do so in exchange for a 7.5% stake in the new equity.
    I own more now than my original stake because, barring a hiccup in the pre-pak, this has nice potential.

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