What's everyone's opinion on ABK right now.
They've been talking about bankrupcy for months now... is this another cry wolf? The media's wording is pretty confusing, but remember... that's the point of the media, to confuse us.
To me it sounds like they're getting rid of some bad debt... should help them out in the long run right?
They still have a lot of institutional ownership.
They are a few cents away from a double bottom at .35-.40
It'd be a risky trade but IF they don't go bankrupt it'd be well worth it. Key word.... IF.
I'm absolutely not recommending this stock as it's a gamble but I want to get a feel for the sentiment.