A dime, up from four cents

[xaigi]

Worldcom stock closed at 10 cents today, up from 4 cents yesterday. If I didn't know that the creditors get first shot at the company's assets, I would buy (maybe) 1000 shares, go to my nearest MCI office and demand that they give me a desk, some chairs and maybe a couple of computers.

 

[fr]

CORRECTION:

It's a dime, up 4 cents from 6 cents yesterday.

 

[PsychoAndy]

i find it odd that supposedly worldcom, as well as enron still have billions in assets. anyone know how many bondholders they have?

 

[bozo1]

It looks like they are close to working out a deal with their creditors which is why the stock jumped.

 

[yakko]

Hopefully they won't go down in flames and screw up the economy anymore than it already is.

 

[Freejack2]

Aren't these the same clowns who pulled all connections to psinet without any warning when Psinet declared chapter11?

 

[Miramonti]

It traded .14 in afterhours last night. MCI (mcice?) was up from .25 to .50 also.