2 Stocks That Could Go Bankrupt in 2020
This year has not been kind to companies with weak balance sheets. Fallout from the COVID-19 pandemic has triggered bankruptcies in many market sectors, with particularly heavy tolls on brick-and-mortar retailers and oil producers. Entire countries like Zambia and Suriname are running the risk of not being able to pay their government debts. I mean, it's been brutal.
And we're not done yet. Plenty of companies stand at the brink of bankruptcy today. Another wave of coronavirus lockdowns could tip them over the edge, and they're also vulnerable to more company-specific business risks.
I'm not saying that both of the companies below are going to file for Chapter 11 bankruptcy protection in 2020, with or without additional COVID-19 lockdowns, but I also wouldn't touch their stocks with a 10-foot pole this year. Too much risk, not enough reward.
Source Fool.com
