Orchard Supply Stock Plunges After Management Says Equity Expected To Be Worthless

We (and many others) had been puzzled by the strange strength in Orchard Supply Hardware(OSH) equity following its bankruptcy filing earlier this week.  The bubble burst today when the company issued an announcement warning that equity was expected to be a complete loss. Orchard’s management has noticed high trading volume in Orchard’s Class A Common Stock and Series… Read More »