Usually companies file for bankruptcy when they are insolvent. Usually companies file for bankruptcy when their liabilities outweigh assets. Neither situation pertains to GT who has cash on hand and assets greater than liabilities. Truth is, shareholders likely to walk away whole. Sorry, it is what it is.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.