|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.6000 - 0.7100|
|52 Week Range||0.5200 - 11.5453|
|Beta (3Y Monthly)||2.53|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
After just one day of mediation in front of a Texas bankruptcy judge, PHI’s chairman, majority shareholder and chief executive, Al A. Gonsoulin, lost his bid to retain control of the company, which provides helicopters for oil drillers and emergency medical providers. Under the deal filed last night in federal court in Dallas, the official committee of unsecured creditors will drop its opposition to PHI’s reorganization plan, as well as the panel’s effort to sue company insiders, in exchange for 100% ownership, and Gonsoulin’s retirement. “This is a terrific result so far,” U.S. Bankruptcy Judge Harlin Hale said Wednesday during the hearing.
On a per-share basis, the Lafayette, Louisiana-based company said it had a loss of $2.23. Losses, adjusted for restructuring costs, were $1.59 per share. The helicopter transportation company serving the ...