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x**j
发帖数: 1261 | | c******7
发帖数: 2996 | 2 不走破的话，这个飞刀还接的真不错。
【在 x**j 的大作中提到】
: 今天看它跌了不少，接了飞刀，不知祸福啊
| x**j
发帖数: 1261 | | y***q
发帖数: 4147 | 4 兄弟啊，对不住啊，看到你发在版上了，我就多关注了一下，还曾想过要不要买一点，
结果就跌成这样了。 | a****g
发帖数: 8131 | 5 妹别买了
很久不见你，躲哪儿去了e
【在 y***q 的大作中提到】
: 兄弟啊，对不住啊，看到你发在版上了，我就多关注了一下，还曾想过要不要买一点，
: 结果就跌成这样了。
| x**j
发帖数: 1261 | 6 亏惨了，明天会不会归零啊，今天都file chapter 11了，怎么会这么倒霉。
【在 y***q 的大作中提到】
: 兄弟啊，对不住啊，看到你发在版上了，我就多关注了一下，还曾想过要不要买一点，
: 结果就跌成这样了。
| y***q
发帖数: 4147 | 7 最近太栽了不敢下手呀，看到你们挣钱羡慕嫉妒恨呀。。。。
【在 a****g 的大作中提到】
: 妹别买了
: 很久不见你，躲哪儿去了e
| t******g
发帖数: 462 | 8 不要过分紧张,邪恶大股东Icahn想要take advantage of债东,前一阵地ICAHN搞公司重
整把值钱的资产都转走了
Dynegy Prepping Bankruptcy for Holding Company.
Dynegy Inc.’s holding company is preparing to file for Chapter 11
bankruptcy protection in an unusual move that could cause losses for
bondholders without harming parent-company shareholders that include Carl
Icahn and hedgefund Seneca Capital.
The power generator could put the holding company, Dynegy Holdings, in
bankruptcy court as soon as Monday evening, said people familiar with the
matter. Dynegy’s parent company wouldn’t be part of the filing, the people
said.
The situation remained fluid and a filing might not happen, one of the
people said. But a bankruptcy filing for Dynegy’s holding company is under
serious consideration, the person said.
Dynegy remains in discussions with bondholders over a possible pre-
negotiated reorganization plan ahead of any bankruptcy filing, said people
familiar withthe talks. It remained unclear whether the two sides would
reach a deal before any filing. The bondholders include Franklin Templeton
Investments, Avenue Capital Group, Oaktree Capital Management and Caspian
Capital Partners.
【在 x**j 的大作中提到】
: 亏惨了，明天会不会归零啊，今天都file chapter 11了，怎么会这么倒霉。
| x**j
发帖数: 1261 | 9 后悔了吧？真是老庄股几经波折啊
★ 发自iPhone App: ChineseWeb - 中文网站浏览器
【在 y***q 的大作中提到】
: 兄弟啊，对不住啊，看到你发在版上了，我就多关注了一下，还曾想过要不要买一点，
: 结果就跌成这样了。
| y***q
发帖数: 4147 | 10 证明我转运了
今天想过下手去抄rays。
以我以前抄底的经验，觉得it会在1那里反弹，按照我喜欢在狙力线的上面的三分设单
子，我应该是设的1.03，也就是能抄到了，到高点卖的话，今天也能挣 个百分之20
可惜我去股版转了一圈,看到有人说要直接跌到0.7，当时也没多想，觉得自已太栽了，
也就没下手。
wk,股版那个说跌到0.7的也太没水平了，凭啥跌到0.7呀，没根没据的。
我还居然相信了。。。。
就算跌破1，第一狙力也是0.8啊
ft | | | y***q
发帖数: 4147 | | x**j
发帖数: 1261 | 12 我看股版也老受影响。我觉得Dyn明天还要short squeeze，今天不出了，你觉得呢？
★ 发自iPhone App: ChineseWeb - 中文网站浏览器
【在 y***q 的大作中提到】
: 证明我转运了
: 今天想过下手去抄rays。
: 以我以前抄底的经验，觉得it会在1那里反弹，按照我喜欢在狙力线的上面的三分设单
: 子，我应该是设的1.03，也就是能抄到了，到高点卖的话，今天也能挣 个百分之20
: 可惜我去股版转了一圈,看到有人说要直接跌到0.7，当时也没多想，觉得自已太栽了，
: 也就没下手。
: wk,股版那个说跌到0.7的也太没水平了，凭啥跌到0.7呀，没根没据的。
: 我还居然相信了。。。。
: 就算跌破1，第一狙力也是0.8啊
: ft
| t******g
发帖数: 462 | 13 A lesson learned here,
"Shareholders in other companies may want to remember this story when hedge
funds and other aggressive shareholders try to argue that they know better
than existing management about how to run the company."
The fat lady has all but sung for Dynegy shareholders.
Dynegy has announced it is proposing a bankruptcy plan in which its existing
shareholders would retain just 1% of the Dynegy shares plus five-year
warrants to buy up to 13.5% of Dynegy. That package is what bankruptcy
people call a “tip” to shareholders who, as frequently happens in
bankruptcy, could otherwise be wiped out by the process.
If you read the fine print, it is even worse for the existing Dynegy
stockholders. Those warrants will be exercisable on the basis of a $4
billion valuation of Dynegy. In other words, to buy that 13.5%, the warrant
holders will need to come up with a total of $540 million in cash. That is
equivalent to $4.39 per current share. Dynegy is currently trading under 50&
#162; per share.
And current stockholders could end up with even less. The plan announced by
Dynegy proposes that holders of Dynegy’s $200 million in subordinated debt
would retain nothing. Expect those subordinated debt holders to fight over
letting the stockholders receive a “tip” while those debt holders walk
away empty handed.
The outcome is not surprising, however, and could well be the best current
management could do. Dynegy is deeply in debt and prior management had
warned of bankruptcy a year ago. That is why that board was so anxious to
sell the company for cash, starting with the $4.50 per share Blackstone deal
and ending with a $5.50 tender offer from Carl Icahn. And why, when
shareholders ignored their recommendations, they quit.
What is remarkable about the announcement of the new plan on April 4 is how
Dynegy’s board turned on a dime. Since last year the Dynegy board has been
pushing a plan in which stockholders would give up no common stock, with a
two year window to repay the creditors before the creditors took 97% of the
shares. Dynegy was still pushing that plan in its March bankruptcy filings.
Less than a month later, it has a different plan. It all but wipes out
existing stockholders.
What changed? A bankruptcy examiner’s report that blasted Dynegy and its
directors. The old plan that allowed Dynegy shareholders to ride through the
bankruptcy relatively unscathed was facilitated by a transfer of a large
portion of Dynegy’s assets out from under creditors.
The bankruptcy examiner said both the transaction and the decision-making
process in trying to transfer those assets for less than fair value was
flawed and that Dynegy intentionally sought to delay and hinder creditors to
favor stockholders.
As late as March 16, Dynegy said in a lengthy court filing that the examiner
was wrong. Yet on April 4 Dynegy seems to have had a full change of heart,
proposing a plan that pretty much walks away from its focus on protecting
stockholders at the expense of creditors.
Why the sudden turnaround? Dynegy does not address that in its press release
, although it mentions the decline in natural gas prices and the examiner’s
report.
But the kind of violations found by that examiner could have led to personal
liability on the part of the Dynegy directors. And the U.S. Trustee, a unit
of the U.S. Department of Justice that oversees the bankruptcy process, has
sought to have a trustee appointed. Such a trustee would have taken away
much of the directors’ authority.
Perhaps more importantly, those trustees frequently start to look for people
to sue. On top of that, the examiner suggested that the court should permit
competing plans to be proposed. A company in bankruptcy begins with the
exclusive right to propose a reorganization plan. That is an important tool
for the company to control its destiny, but a judge has the right to take
that exclusivity away. And once it is gone, as recommended by the examiner,
creditors have much more power.
In fairness, natural gas prices have continued to drop since Dynegy proposed
the original plan. The company’s cash flow is extremely sensitive to the
price of natural gas. Lower natural gas prices make Dynegy’s ability to
meet its debt obligations even more difficult. So even without the
blistering examiner’s report, the lower gas prices would have made the
company’s prior proposal a much harder sell to the creditors, whose
approval was required.
Nevertheless, it looks like the directors, for all the bravado we have heard
in the last 18 months decided to turn the keys over to the creditors when
it looked like they might personally have to write checks. It is not a
pretty picture, even if the result was inevitable.
This unfortunate chapter of the life of Dynegy seems to be coming to a
conclusion. It is a sad story in which, even if the company is doing the
right thing now, shareholders appear to have been poorly served over the
last couple of years by their board and their fellow significant
stockholders.
Of course, in the end, Dynegy stockholders have no one to blame but
themselves and their own bad decisions which were instrumental in creating
this disaster. Shareholders in other companies may want to remember this
story when hedge funds and other aggressive shareholders try to argue that
they know better than existing management about how to run the company.
people
【在 t******g 的大作中提到】
: 不要过分紧张,邪恶大股东Icahn想要take advantage of债东,前一阵地ICAHN搞公司重
: 整把值钱的资产都转走了
: Dynegy Prepping Bankruptcy for Holding Company.
: Dynegy Inc.’s holding company is preparing to file for Chapter 11
: bankruptcy protection in an unusual move that could cause losses for
: bondholders without harming parent-company shareholders that include Carl
: Icahn and hedgefund Seneca Capital.
: The power generator could put the holding company, Dynegy Holdings, in
: bankruptcy court as soon as Monday evening, said people familiar with the
: matter. Dynegy’s parent company wouldn’t be part of the filing, the people
| x**j
发帖数: 1261 | 14 俺在这个上面亏惨了，就等到时候class action拿点赔款回来了
hedge
existing
【在 t******g 的大作中提到】
: A lesson learned here,
: "Shareholders in other companies may want to remember this story when hedge
: funds and other aggressive shareholders try to argue that they know better
: than existing management about how to run the company."
: The fat lady has all but sung for Dynegy shareholders.
: Dynegy has announced it is proposing a bankruptcy plan in which its existing
: shareholders would retain just 1% of the Dynegy shares plus five-year
: warrants to buy up to 13.5% of Dynegy. That package is what bankruptcy
: people call a “tip” to shareholders who, as frequently happens in
: bankruptcy, could otherwise be wiped out by the process.
| t******g
发帖数: 462 | 15 Same here, learn a good lesson.
【在 x**j 的大作中提到】
: 俺在这个上面亏惨了，就等到时候class action拿点赔款回来了
:
: hedge
: existing
| x**j
发帖数: 1261 | 16 你卖了吗？
【在 t******g 的大作中提到】
: Same here, learn a good lesson.
| t******g
发帖数: 462 | 17 Sold in late March, after seeing Seneca selling the it's shares
【在 x**j 的大作中提到】
: 你卖了吗？
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