It's true in at least some of the famous cases (perhaps not this one; perhaps not Nabisco) - but you have to do deep digging into the financials to see it, a mo

It's true in at least some of the famous cases (perhaps not this one; perhaps not Nabisco) - but you have to do deep digging into the financials to see it, a moribund company and a salvageable one often look quite similar from the outside. One way to tell is if the company does not emerge from bankruptcy but instead liquidates - it was probably already dead.