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Message
re: Stone energy. Anyone with info
Posted on 5/12/16 at 2:04 pm to LSUAfro
Posted on 5/12/16 at 2:04 pm to LSUAfro
quote:
Good call. When a company is almost certainly going to file bankruptcy, might as well keep your money there until it does so, so you end up with nothing.
You have inside info?
ETA:
Well, I took a tiny gamble on this stock. If I sell now , I loose very little. If t goes to zero, I loose very little . However, if it goes to $10, I do quite well.
This post was edited on 5/12/16 at 2:09 pm
2
Posted on 5/12/16 at 4:09 pm to crazycubes
quote:
You have inside info?
It doesn't take inside info to read the 10-K of a public company. And if you do read SGY's, you should pay attention to their debt levels, the maturity dates of said debt, and that they say in their own report that they'll likely end up defaulting and/or going bankrupt in a matter of months...
Posted on 5/12/16 at 4:09 pm to crazycubes
They'll have to eventually deal with the possiblity of being delisted from NYSE.
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