RE:Something not adding up here - bankruptcy???
harbaugh - I agree. I am really surprised by the timing of this. It seems like they could have held off this action until the new year once we see how holiday sales impact rental revenues. Last Christmas all we had was defunct Vizio and Panasonic on board. This Christmas we will have LG and Samsung for the first time. Sales should be very, very good. Yet they anounce creditor protection just days before?
One could make an argument that someone is trying to screw the shareholders and pick up the pieces for next to nothing. You could also make an argument that under a liquidation the shares are worth more than they were beforehand (.12). I would like to know who the biggest buyers have been here.
I bet you none of management are selling their shares for a couple pennies.