ONE IDEA.Name: Gary Gary, city (1990 pop. 116,646), Lake co., NW Ind., a port of entry on Lake Michigan; inc. 1909. Gary was founded by the U.S. Steel Corporation, which purchased the land in 1905 and landscaped it for a city. Frischer Home: Woodland Hills Age: 53 Occupation: Legal consultant One idea: Frischer bought 200 shares of Flyi FLYi, Inc., (Pink Sheets: FLYIQ) previously known as Atlantic Coast Airlines Holdings, Inc., was a Delaware airline holding company based in Dulles, Virginia. The company was currently in Chapter 11 Bankruptcy, and formerly operated Independence Air. Inc. for around $1.60 each earlier this month. Flyi is a low-fare airline based on the East Coast. Its 52-week low is less than a dollar and its high is nearly $12. Quote: ``Flyi just avoided bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most and (they) are in the same situation Delta was in recently. It should be trading at $5 to $7 in 30 or 40 days based on what happened to Delta.'' Ticker ticker An automated quotation system on which security transactions are reported after they occur on an exchange floor. Even though the newer systems are electronic and no longer actually tick, the name of the old mechanical device has stuck. : FLYI Friday's close: $1.92 |
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