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Planet Money Summer School
Hornbeck's Going Bankrupt - Part 3
Hornbeck was suspended from trading on the new york stock exchange because its share price had dropped so low. Five years ago, a share of hornbecks stock cost about 23 bucks. Right now it's around 60 cents a share. So do you think we'll get our money back a when you, when you acquirea distressed debt instrument? Em, you know, i think it's no, no. You cannot always, but once you're involved in a distressed situation, it's a matter of cation.
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