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Owning stock in a company that files Chp. 11 can be boon or bust. I've bought stock in a company while they were in Chp. 11 and have made a very nice return. But i had the opposite happen too. It's really high risk but when they come back they often roar back. I bought stock in a pharm. research company after there cancer drug was turn down by the FDA. Their stock dropped to under a buck and filed for Chp. 11. With two years they out of Chp. 11 and the stock was close to $20. Think they came up with some drug that would help organ transplant patients. I don't really remember all the details, was years ago, but I do remember wishing I'd bought a lot more of that stock.
And yeah, my understanding is Chp. 7 is the end. The company is dead and the bones are being picked.
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I used to drink to drown my sorrows, but the damned things have learned how to swim- Frida Kahlo
Vice President Starkizzer Fan Club
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