@doozii:Multiplying "zero" by any number does still yield zero, but despite that, stock is still dilutable. I agree that doing it is still net positive for shareholders.>>$3.5b in sales is worth what as a stabilized business? Maybe more than $200m market cap on stock and $80m in bonds plus $65m bank debt?First of all, business isn't stabilized yet, and if it has to file BK first...as seems increasingly likely...current equity will be worth zero.Value of hypothetical stabilized BBBY business would depend not just on revenues, but on margins, plus growth prospects (if any). EG BBBY was doing $12B/year top line sales just three years ago...still wasn't making any money.Seems implausible to me that BBBY is going to come out of BK as an operationally profitable newco with $3.5B worth of revenue,
@ChristKitto:$National CineMedia(NCMI)$ We all knew this was going bankrupt. This is a simple debt for equity swap with their lenders. The company is doing fine. The shares are not going to 0. Most likely, we'll see a steady rise to $3-4 by the end of summer. Anyone shorting this stock is stupid or simply doesn't understand what is happening.I'm not sure why people think AMC $AMC Entertainment(AMC)$ controls what NCMI does, they don't lol they just have a passive stake. This company by end of year has a really good chance to be $1+ again, but it takes time... it's not going to be an overnight sky-rocket stock unless some really good news appears or massive pump and dumps happen.