CoATP
Well-known member
- Joined
- Oct 25, 2005
- Posts
- 476
What Does Mgmt Know?
Before Ch 11 NWA put $300 mil of the PNCL stock it owns as a contribution into its pension plan. They put in $0 of MAIR stock. Mesaba goes Ch11, PNCL doesn't - $300 mil now worth $200 mil (but not $0) MAIR stock now worth $0. If that contribution goes away they are on the hook to make it up (unless they dump the pension plans - but that is another topic)
PNCL is interviewing and class starting again.
It does seem to form a picture. Just not sure what the ending will be.
Before Ch 11 NWA put $300 mil of the PNCL stock it owns as a contribution into its pension plan. They put in $0 of MAIR stock. Mesaba goes Ch11, PNCL doesn't - $300 mil now worth $200 mil (but not $0) MAIR stock now worth $0. If that contribution goes away they are on the hook to make it up (unless they dump the pension plans - but that is another topic)
PNCL is interviewing and class starting again.
It does seem to form a picture. Just not sure what the ending will be.