October 23, 2008
Why is Indy Mac’s stock still trading if FDIC is trying to sell it? If sold, what happen to stock?
sam m asked:
Indy Mac’s stock trading at 0.19 now. Why is it still being traded and if FDIC sells it’s asset or the entire company to another buyer, what happen’s the Indy Mac’s stock? Completely wiped out?
Brad
Indy Mac’s stock trading at 0.19 now. Why is it still being traded and if FDIC sells it’s asset or the entire company to another buyer, what happen’s the Indy Mac’s stock? Completely wiped out?
Brad
Comments on Why is Indy Mac’s stock still trading if FDIC is trying to sell it? If sold, what happen to stock?
Yes, that is the most likely scenario. However, there is a very small probability that Indy Mac’s current shareholders will keep an ownership share in the company. That is the reason why the stock trades at a value above zero.