Is There a Future for Wolfspeed?
Semiconductor company Wolfspeed (NYSE: WOLF) has delivered one of the market's biggest turnarounds this year. A Chapter 11 bankruptcy restructuring in late September eliminated 70% of the company's debt and drove its share price up over 2,000%.
The question is whether Wolfspeed has real long-term value or is just another meme stock. Here's what prospective investors need to know.
Image source: Getty Images.
Source Fool.com