In last week’s Tuesday Report (1/5/2010) we reported on SuperMedia’s
emergence from a prearranged Chapter 11 bankruptcy reorganization,
noting how they’re operating a barter exchange network called
SuperTradeExchange.
This past week was noteworthy for the Texas-based company (they have
reduced their debt from more than $9 billion to $2.75 billion of
secured bank debt) in that they began trading under the new name on
Wednesday. SuperMedia (Nasdaq:SPMD) gained $6 or 17%, hitting $41
per share on their first day of trading.
