Any other bottom feeding traders out there contemplating a play on Adelphia this week? If so, what are your thoughts on this mess?
it seems like there are plenty of other things to bottom feed on than the absolute worst POS out there. Nobody has any idea what that balance sheet really entails and how much the Rigas family ultimately left to be divided up betw shareholders and debtholders. Better bottomfeeding socks IMO are any of the IPPs: CPN MIR DYN RRI ILA AES WMB. All at 52 week lows, all trading with P/E < 10, all suffering from Enronitis.