Buying shares in Bankrupt Company

[Nowler]

Hey folks,

Do any of you have any experience in buying shares in companies that have filled for chapter 11?
What were your experiences?

 

[Nowler]

Me gustaría que tenga en cuenta que como administrador de negocios y para cuando se encuentre en este entorno, una empresa puede desarrollar un plan de reorganización y continuar operando. Las deudas y contratos existentes, incluidos los contratos con sindicatos, se renegocian.

It's possible.
At first I laughed when Hertz was pumped up 700% after it filed for bankruptcy. I assumed it would disappear.

I still think it's unlikely that they survive this, but since they are allowed to raise 1 Billion in new stock, they have just made themselves more attractive to someone in a position to buy them out, or merge.

Hertz is a globally recognized name.
You would have to spend a lot of money to get a brand to that level of recognition.

I'll repeat: it's unlikely that they will emerge from this, but they are 1 billion better off than they were before the judge gave approval to sell more shares.

 

[Pat494]

If you have plenty of spare cash there must be great opportunities to buy up companies. Many of whom would have been going concerns but for the virus.

 

[Pat494]

Me gustaría que tenga en cuenta que como administrador de negocios y para cuando se encuentre en este entorno, una empresa puede desarrollar un plan de reorganización y continuar operando. Las deudas y contratos existentes, incluidos los contratos con sindicatos, se renegocian.

I would like you to keep in mind that as a business administrator and by the time you are in this environment, a company can develop a reorganization plan and continue to operate. Existing debts and contracts, including contracts with trade unions, are renegotiated.
As per google translate.