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You know you're in serious zombie market territory when bankrupt companies are raising $1b on equity markets: https://www.marketwatch.com/story/hertz-seeks-bank
by saint_abroad 6y ago
You know you're in serious zombie market territory when bankrupt companies are raising $1b on equity markets: https://www.marketwatch.com/story/hertz-seeks-bankruptcy-court-approval-to-offer-1-billion-in-stock-but-experts-expect-equity-to-be-wiped-out-2020-06-12 https://www.marketwatch.com/story/hertz-seeks-bankruptcy-cou...
- icedchai 6y agoIt's no worse than startups that went public during the dot com era. At least these bankrupt companies have some operating history and physical assets.
- saint_abroad 6y agoDot-com paper companies that had no assets and no revenue also had no debts. Here, we're talking about the vastly different proposition of raising equity in a company where debts outstrip assets.
- icedchai 6y agoI understand. If you don't like it, buy puts.