IS WOLFSPEED AN UNDERRATED BUY OR JUST ANOTHER MEME STOCK?
https://s.yimg.com/ny/api/res/1.2/rqYZaLWmW6h6s9Z5ehq2YA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/motleyfool.com/df79a6fa322dde8246adf9a7abc4538f
✍️ Wolfspeed, a semiconductor technology company, has seen a surge in trading activity after filing for bankruptcy protection, despite its abysmal margins and significant losses.
👉 Wolfspeed has filed for Chapter 11 bankruptcy protection 👉 The company has a new CFO with experience in turnarounds 👉 Wolfspeed's gross margins are abysmal, at 2% 👉 The company has incurred significant losses, with a net loss of $1.1 billion over the past four quarters 👉 Existing shareholders will only receive between 3% and 5% of the new restructured company
-- #GregorvanIssum #DavidJagielski #business
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