In light of the most recent investor call, a glimmer of hope. Still major issues with the outcome uncertain, but management has made a dent in the financial disaster. There was a lot of talk about re-entering the market with competitive products, etc. etc., but the profitability of the new product lines is an issue and competition is not asleep. Worth watching for a while - funeral scheduling may be premature.
Sadly, you are correct. The company is in default. There are no assets to net any value in a liquidation as the pension guarantee corp's lien takes precedence. It's already over. Brandt family got out with theirs, leaving public stockholders holding the bag. Where was the SEC?