Quote:
Originally posted by Tim Hancock
Disclaimer: I am an engineer and hate dealing with finances! 
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If you're going to start investing in stocks of companies in bankruptcy, then you had better start to LOVE finances!
Start by reading all their latest SEC filings:
http://www.pinksheets.com/quote/filings.jsp?symbol=DCNAQ
You also should be on top of all the bankruptcy activity which won't necessarily be in the SEC filings until it's too late to do you any good.
A quick glance looks as though they got $1.45 billion in financing during their reorganization. You had better know the terms of that financing if you think you're going to get a piece of the business by buying the stock -- odds are the guys who gave them the financing have the company "by the balls"!
From Dana's website:
Dana and certain of our U.S. subsidiaries are operating under Chapter 11 of the U.S. Bankruptcy Code as debtors-in-possession. Information about the bankruptcy proceedings can be found at: http://www.dana.com/reorganization.
WARNING: While we continue our reorganization under Chapter 11, investments in our securities will be highly speculative. Although shares of our common stock continue to trade on the Over the Counter Bulletin Board (OTCBB) under the symbol "DCNAQ," the trading prices of the shares may have little or no relationship to the actual recovery, if any, by the holders under any eventual court-approved reorganization plan. The opportunity for any recovery by holders of our common stock under such reorganization plan is uncertain and shares of our common stock may be canceled without any compensation pursuant to such plan.