Trade Alert: Betting On A Bankruptcy

A stock that may be headed to $0.

Look Out Below

Consider an airline with awful fundamentals, one ranked “very bearish” by StarMine, with a quantitative score of 0.2 on a scale from 0 to 10.

This airline has tumbled more than 20% after a federal judge blocked its acquisition by a more respectable airline. Could another potential suitor swoop in?

Possibly, but how much value is there? According to Chartmill, this company has a valuation rating of 0 on a scale from 0 to 10. Maybe it’s still worth buying for its brand? That seems unlikely in this case, as the airline is best known for its brawls.

We’re betting on bankruptcy here.

Details below.