I look at the Flash News and see that $SAVE stock is down 30% on Friday. The stock did so in response to news that the company is in talks with bondholders about a possible bankruptcy.
Have any of you had or have this stock in your portfolio?
I look at the Flash News and see that $SAVE stock is down 30% on Friday. The stock did so in response to news that the company is in talks with bondholders about a possible bankruptcy.
Have any of you had or have this stock in your portfolio?
It's a terrible company, but maybe in this industry, $DAL or $RYAAY is great for me.
The airline sector is quite fine, but this company is not doing well. It is true that companies in this sector go bankrupt quite often.
The performance is terrible, and that chart looks scary too. I really wouldn't want a stock like that in my portfolio.
No wonder the stock is down like this. Just a glance at the chart makes it something I would never buy. All I have to do is look just a little closer and I immediately see that a company that has a capitalization of $185M and has $7.41B in debt can never give it.
I never buy stocks like that. Overall, this sector is terribly volatile.