Thursday, April 9, 2009

As goes Quebecor, so goes GM ?

So I figure that as soon as there is some visibility on how they're organized for the next stage, it will make a lot of sense to see if it's worth betting on them. Nothing like starting with a cleaner slate to make money in a reorganized economy.

FYI, I'm thinking the same thing about GM.
Quebecor Reaches General Agreement With Creditors - Printing Industry News from WhatTheyThink
"MONTREAL, CANADA - Quebecor World Inc. announces it has reached agreement in principle on the key terms that will allow QWI to successfully emerge from creditor protection.
. . .
As the Company has consistently stated, in light of the CCAA and Chapter 11 Proceedings, it is highly unlikely that the Company's existing Multiple Voting Shares, Redeemable First Preferred Shares and Subordinate Voting Shares will have any value following the implementation of a plan of reorganization.

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