The price of a stock has no bearing on a company's future. It is mostly their future P&L relative to the market capitalization that determines where the stock price goes and not the current price of the stock. There are plenty of companies with stock prices under a dollar that become multi-baggers. I make a living finding them :)
Total bull. There have been thousands of companies lately beaten down with zero chance of bankruptcy that have since run multi-baggers since the market's ignorance. Anybody who used price movement alone to judge bankruptcy-risk and ignored basic fundamentals is batting around 0 in this market. 10%? lololol.... BBI.B had a $27 million net income and over $100 million EBITDA last year as well as scored massive liquidity/credit. Bankruptcy risk is near 0.
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