The letter “Q” added to the end of a stock symbol is not a good sign for investors; “Q” means the company is in the midst of bankruptcy proceedings. The SEC warns investors to steer clear of “Q” stock, unless you’ve carefully reviewed the proposed bankruptcy reorganization plan and it looks like the company will come out of the financial trouble on top. In many cases, however, the company’s old stock -- labeled with the ominous “Q” indicator -- is dissolved after the proceedings.
“Q” Always Stays The “Q” is never actually removed from the stock in question’s ticker symbol because it differentiates the pre-bankruptcy stock from the post-bankruptcy stock. This letter remains an important part of the stock’s ticker symbol; otherwise, potential investors would not be aware that they are purchasing stock involved in a bankruptcy that might become worthless on the markets once new stock is issued under the reorganized corporation.
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