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Netflix, Inc. Message Board

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  • georgherbet georgherbet Jun 27, 2003 1:56 PM Flag

    OT: WCOEQ

    Then why is anyone buying this stock now?

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    • you know the old expression about fools and their money?

      Seriously, this happens ALL the time...people just figure, oh its 4 cents, its gotta be worth something. Well, guess what? No it doesn't...I could give you a list a mile long...a TON of my portfolio is in Post-Bankruptcy equities...in most cases the old equity holders got completely wiped out...NADA...occasionally, they get a tiny, tiny % but that is very rare...Look no further than K-Mart...old stock traded until the bitter end...they got ZIP...Bondholders and creditors got stock, new stock, KMRT and thats it...

 
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