Hey bestfriend, Could you explain your rationale for being long these airline stocks? Since they are pretty much guarenteed to eventually go to zero, isn't it pretty much a crapshoot in the short term?
The common will probably go otc eventually. DAL has preferred stock, which is basically the same as a corporate bond, that trades on nyse. These will likely remain listed. I'm long DNT and CYA.
Huh! You just wait 'till somebody figures out how much all the real estate they own is worth! Whoever buys it today will look like a genius!
More likely than not, Delta's stock certificates eventually will be cancelled, an action that would reduce their price to $0.
In a reorganization, the bondholders usually still get something, whereas the equity is wiped out. I want to see how the debt trades, to get an idea what bondholders are expecting to salvage here.