what are you smoking.
Common and Preferred are toast.
Common will get CODI (and unless you are in BK yourself) and you will pay taxes on it.
I still own a few hundred preferred. Could not risk the common, and sold out. Down over 120K between em.
can you say CODI?
Look at the WSJ article, (better source then anyone on this board) it looks like not enough to pay all bonds off.
Then the preferred (I own some), and common are toast.
In this case there IS CODI, and unless you are in BK yourself, you own taxes.
This is very very very risky.
They will start saying what they got after earnings.
there will be churn, some will want there old plans.
Not everyone will pay the 10.00 more.
do not trust Zoo either. He is a basher, and could be short trying to get a better price.
Discloser: I sold my common on the BK announcement done a boat load.
I still have a few K of BBPPQ (most purchased much higher then it is now)
Do not trust anyone on this board.
Clinton for Prison.
If she had been a republican, the FBI would have indited her big time.
Most corrupt administration ever.
there is no CODI, if the debt is converted to the same amount of equity.
If it is converted to lesser amount, then there is CODI.
yes, but some politics determine what happens to VZ.
The FCC making the internet like a phone, makes a difference.
Taxes, etc, effect the value of the stock.
The other things I agree with you on.
Just wishing a Happy 4th of July to all.
Please remember all who gave, that we might have the freedoms we have.
Enjoy today and do not worry about CODI or not today.
(we can argue tomorrow)