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Dennisb68

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Dennisb68

Re: Almosthere post# 114

Monday, 04/27/2020 4:04:02 PM

Monday, April 27, 2020 4:04:02 PM

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Not true. I have seen stocks do very well after a bankruptcy. It all depends on the terms of the bankruptcy. Company can shed a lot of debt.
Chapter 11 bankruptcy signals that the company is asking the court to protect it from its creditors until it files a detailed plan for how it intends to recover financially. If the court accepts the plan, the company may renegotiate its debts, drastically cut its costs, and resume doing business. Over time, it may thrive and emerge from bankruptcy (or not).

If someone tries to convince you to buy a stock they usually have a personal agenda to do so. Not because they are concerned about you making money but about convincing you to buy so they can make money. Same is true for those yelling sell.

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