Is it good to have stocks in a company who might file chapter 11?
What if the stocks were like $ 2 each, is it good to buy stocks from them? What are the pro and cons
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Answer by jeff410
If they do file Chapter 11 in many cases the stock is eventually canceled and worthless. They issue new stock and start all over again with a clean slate. Investors have to buy the new stock again.
The pro I suppose if that they may not file and things will improve. In which case you may get it at a bargain price. Or another company may buy them or merge.
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