Delta Fares

will delta airline stock now rise since they are coming out of bankruptcy?

If i own stock in DALRQ (delta airline) are my stocks going to be worthless?

Public Comments

1. If anyone could answer a question on what the stock market is going to do, they would probably be sitting on their own island in the Pacific. There is a good chance the stock will start to rise if the company starts showing a profit and is well managed.
2. Yes your stocks will drop to zero possibly as soon as next Wednesday when the reorganized company starts trading on the NYSE as DAL. The company's existing stock, which will be worthless is still apparently trading between people who like losing money on the pink sheets. The old shares will be cancelled and the new ones will be first issued to creditors of the old company at about 60-70% of what they are owed.