*Bankrupt companies penny stocks soar to dollars *Distressed investors betting on risky equity *Investors argue they have stake but courts disagree By Tom Hals and Caroline Humer WILMINGTON, Del./NEW YORK, May 21 (Reuters) - Buying shares in a bankrupt company is a risky bet. But more than a handful of distressed investors are doing just that, betting the stocks will rise during the court process or that they will get a payoff from the company. Indeed, many of these stocks -- in ...
Premium Content (PAID Subscription Required)
"ANALYSIS-Investors bet on equity in bankrupt US companies" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642