Traditional Farmer below, has it right. The good news is, the common stock can't go much lower; the bad news is, it won't get much higher, either, because any growth in value in the company will be sucked up in the guvment's preferred stock (if they do the bailout) or the "new" creditor's loans (if govt. doesn't bailout, the companies will go into Chapter 11, and you can bet they'll end up with a bunch of that AIG and bank bailout money, as any "new" loans to restructure get a super-priority collateral position). Read Mitt Romney's article in WSJ or New York Times a couple days ago- he hit it right on the money.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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