"Yours truly is pretty much convinced that, in the case of bankruptcies, shares are a lagging indicator and like second and third marriages reflect the triumph of hope over experience."
And from MarketWatch:
Shares of Chesapeake Energy Corp. CHK, -21.24% took a 22% dive toward a record low in active afternoon trading Tuesday, after CFRA analyst Paige Meyer slashed her price target to zero, citing her view that a bankruptcy filing was likely this year. Her previous price target was 30 cents, while she lowered her rating to strong sell from sell. The downgrade comes after the oil and gas company issued a "going concern" warning in its latest quarterly filing, citing volatility in commodities prices as a result the COVID-19 pandemic and the likelihood that a restructuring or reorganization will be needed given high debt levels....MORE
To quote Freddie Schiller: "Spät kommt ihr doch ihr kommt!" (You come late, yet you come!)
