Bankruptcy Stocks Could Be in Play After AMR (AAMRQ) Holders' Big Win
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Traders are watching other bankruptcy plays following a disclosure that the equity of bankrupt AMR Corporation's (OTC: AAMRQ) will likely have value after all is said and done.
Some recent bankruptcy stocks:
THQ Inc. (OTC: THQIQ), LodgeNet Interactive (NASDAQ: LNET), K-V Pharmaceutical (OTC: KVPHQ), Kodak (OTC: EKDKQ), A123 Systems, Inc. (OTC: AONEQ), Patriot Coal Corporation (OTC: PCXCQ), Overseas Shipholding Group Inc. (OTC: OSGIQ).
According to AMR's counsel "there exists a reasonable possibility that there may be value for AMR equity holders consistent with the absolute priority rule."
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Some recent bankruptcy stocks:
THQ Inc. (OTC: THQIQ), LodgeNet Interactive (NASDAQ: LNET), K-V Pharmaceutical (OTC: KVPHQ), Kodak (OTC: EKDKQ), A123 Systems, Inc. (OTC: AONEQ), Patriot Coal Corporation (OTC: PCXCQ), Overseas Shipholding Group Inc. (OTC: OSGIQ).
According to AMR's counsel "there exists a reasonable possibility that there may be value for AMR equity holders consistent with the absolute priority rule."
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