FWIW I've also had some decent luck with companies announcing they're coming OUT of BK. Much of the debt gets wiped away, but the first months or years can be kind of rough because the old lenders will sometime take stock (no other choice) at the bk settlement, so they're big sellers for awhile.
Do you tend to focus on the stocks that are hinting of bk or restructuring? In other words, as they're going in, rather than as they're coming out? Just curious what has worked for you.
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