Quote:
Originally Posted by thebayratt
This may be a little off subject but I wish I had bought K-mart when they went "under". Thier stock went down to like 5cents i think in 2005, they bought Sears out and changed stock name to "SHLD".... and look at it today: $73.09.
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Actually, that Kmart stock wasn't worth the paper it was printed. In a bankruptcy, the stock becomes worthless in most cases. I believe the stock you are now refering to was newly issued stock when the company emerged from bankruptcy.
Larry