A quick question for all the brilliant stock-watchers out there: what are the differences in the GM bankruptcy v that of AA from a stock perspective? I'll give a little background (mind you my knowledge of this sort of thing is very rudimentary).
Years ago, I bought GM when it was in the shitter and it had an impending bailout. I didn't buy a lot, but did so under the logic that it's an American company too big and important to fail. Upon bankruptcy, I lost all of the shares I had purchased, and did not gain any when GM was relisted under its new ticker symbol.
I pretty much did the exact same thing with AAL last year. Only, when it was relisted under its new ticker symbol, I was granted shares totaling (in dollars) what I had prior to AA bankruptcy. It's now worth something like 560% what I paid for it.
Why did I lose my money in one situation (GM), but have my balance transferred at a discount stock price in the other (AA)? Any insight would be helpful so I can make more educated decisions in the future. Thanks.
Submitted March 02, 2014 at 07:01PM by Zamunda12 http://ift.tt/1hUZZoz
No comments:
Post a Comment