Marvel Stock, to think it was down to about .50 cents

[rube11]

Amazing the recent "high" was almost $29.00 Anyone remember when they were close to filing chapter 11 and you could buy it for around .50? Lets see if you bought 10,000 shares at that price you would now have.... Man that really sucks.

[delekkerste]

They actually did file Chapter 11...it's been more than a year since I read "Comic Wars" (the excellent account of the Marvel bankruptcy by Dan Raviv), but I think all of the equity was wiped out in the reorganization. I think the senior debt holders and ToyBiz with its licensing agreement wound up with most of the equity in the reorganized company. Equity holders I think got their entire stake wiped out and got maybe a few out of the money warrants at best.

 

The stock has been a great performer the past year or two, but heck, let's face it - the market has soared since the spring...there's been no shortage of ways to make money in the market this year. MVL has not been the only game in town, not by a longshot!

 

Gene

[murph0]

I picked it up at around 9 dollars or so. I wish I was still holding, I figured it had topped out at 13 so I sold :\

 

Brian

[THE_BEYONDER]

I first contemplated buying when it was just under $4, but didn't really have the $$.....

[Kevin76]

let's see a $1000 could get you 2000 shares,now at almost $30.00..if you sold it now @30.00 that would be about $60K profit now

[Bronty]

Besides that, listen to what Gene said:

 

but I think all of the equity was wiped out in the reorganization

 

If you spent that $1000 pre-reorg, not only would you not have a profit, you would have a $1000 loss.

[ninanina]

let's see a $1000 could get you 2000 shares,now at almost $30.00..if you sold it now @30.00 that would be about $60K profit now

 

 

Less Taxes?