A commenter on the bankrupcy blurb
Value Digger
Today, 6:19 AM
Numerous publicly-traded large-caps and mid-caps filed for bankruptcy in 2023 due to high debt such as Pennsylvania Real Estate Investment Trust (PRET), Yellow Corporation (YELL), Rite Aid (RAD), Bed Bath & Beyond (BBBY), Amyris (AMRS), Tattooed Chef (TTCF), Sono Group (SEVC), Proterra (PTRA), several SPACs such as WeWork (WE), Lordstown Motors Corp. (RIDE), Bird Global (BRDS) etc.
These facts teach investors a timeless lesson.
Investors need to avoid the leveraged (indebted) companies (i.e. REITs, utilities etc.) and buy companies with fortress balance sheets including ZERO leverage, if they want to sleep well at night.
