you made a good point, I agree about the "BK thread effect" and the bad management of HRZ. This stock with the current debt and DoJ issues was overvalue at a PPS over $4. But with the current progress, DoJ settlement, is an excellent opportunity below $2. I agree dont marry a stock unless you perfectly understand their business, management philosophy, and their outlook and after all that always always have an exit point. Let see what happen.... IMO HRZ will not file BK but Im ready for new notes and 40%+ dilution.
PS: I dont want to convince you. You have your philosophy and I have mine. Time will tell who is right....