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Lee Enterprises, Incorporated Message Board

pipbustergreen 2 posts  |  Last Activity: Jun 25, 2015 10:35 PM Member since: Nov 28, 2005
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  • pipbustergreen by pipbustergreen Jun 25, 2015 10:35 PM Flag

    Congratulations to the LEE management team and their employees on the repayment of the Pultizer Notes. Keep the ample cash flow coming so the debt continues to be reduced.

    Sentiment: Buy

  • Reply to


    by kjhhjks Jun 24, 2015 3:38 PM
    pipbustergreen pipbustergreen Jun 24, 2015 10:08 PM Flag

    Solutia is an example of a company going bankrupt and existing equity holders getting part of the new company with warrants. They went BK in 2003 and it took 5 years to deal with their legacy environmental exposures. They emerged in 2008 with old equity holders getting 1% of the new shares and warrants for 17% additional at a discount. Shares started to trade around $6/share. Eastman Chemical bought out Solutia in 2012 for about $28/share. I doubt the original holder got back to whole.

    Sentiment: Hold

2.03-0.03(-1.46%)Aug 28 4:02 PMEDT