Session 4 was a discussion on Oaktree: Pierre Foods Investments.

The discussion in class primarily

centred around distressed investing and bankruptcy of a firm. This prompted me to ask a question
on what happens to the shareholders of a public firm if it goes bankrupt.

Sir replied that depending on the type of shares they own, shareholders of a publicly traded firm
that ceases operations and enters liquidation may be entitled to a percentage of the assets. The
stock itself, however, is typically worthless. The prospect is tenuous because holders of common
stock are last in line to receive a portion of the company's liquidated assets.

This was my contribution to the discussion in the class.