World Com

[IHope2Pass]

I have a small chunk of world com stock in my portfolio. All the quotes list it as have a zero value. Is it really worthless?

[Dr T Non-Fan]

No, it's not worthless. I just read that no one in the industry can afford to buy its assets, so normal bankruptcy sell-offs of assets won't happen to a great degree.
Trouble will come if its major clients switch vendors. Then, it will be all over.

I don't want anyone whining about the lost jobs, either. Those jobs weren't supposed to exist.

[Elisha]

My company uses them, but made an announcement implying that we'd stick with them unless we notice a serious drop off in service.

[IHope2Pass]

No, it's not worthless. I just read that no one in the industry can afford to buy its assets, so normal bankruptcy sell-offs of assets won't happen to a great degree.
Trouble will come if its major clients switch vendors. Then, it will be all over.

Here's hoping that the major vendors do not switch then!!!

I think that society in general is way too litigious, but this cooking the books stuff makes me wish there was someone that I could sue for fraud.

[Wag, the Dog]

You can sue. You have a choice:

Sue the bankrupt company or sue the bankrupt auditor.

[IHope2Pass]

Not much choice there, unless one of them has a Viper that I could go after.

[PK]

Are you looking up the right symbol? WCOM reads $0.00, but the correct WCOME shows $0.10 this morning. Not exactly a great price, but not zero.

P