2 Stocks That Could Go Bankrupt in 2021
It isn't news that if you're holding a stock that goes bankrupt, there's a very good chance that you'll lose all of your invested capital. What might be news for some investors is that a couple of well-known companies in the healthcare sector appear to be teetering on the edge of insolvency. In fact, investors should know more about this pair of stocks including what's causing their difficulties and what their chances of survival are.
What do the two companies have in common? Unprofitable operations, high levels of debt, and insufficient cash on hand to pay for a year's worth of expenses. What's more, neither company has free cash flows that are sufficient to provide much breathing room. Nor are their struggles newly apparent; both have been struggling for quite some time. Let's take a look at what's going on in closer detail and why they could be headed for trouble in the next year.
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Source Fool.com
