Put Warning Labels on Delphi, Delta

By James Cramer

About this article:

James J. Cramer believes Delphi and Delta both have an out: bankruptcy. He wishes these stocks carried the financial equivalent of cancer warnings, because most shareholders don`t understand that the bond holders are in charge now that these companies have messed up. They just see $3 stocks and want in, precisely when, Cramer says, they should want out.

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Hmm...I wonder if Delta`s employees will get the same treatment as United`s -- their employee pensions whacked off.

``Thank you Mr. Sixpack for your 25 years of dedicated service. Now go try the Alpo with a little ketchup. It`s not bad, tastes like chicken, and you will aquire a taste for it,`` stated United / Delta executives.

If EDIG can actually sell something to somebody who stays in business -- an unknown at this point -- we can only hope it is far from the airline business. Piss poor management with huge legacy expenses will kill these companies as well as the US auto industry.

John