Back From Bankruptcy, Is the New Wolfspeed a Buy?

Wolfspeed (NYSE: WOLF) endured a tough stretch, but with the company emerging from bankruptcy, hope is anew. Its newly issued shares skyrocketed higher on their first day of trading, but investors who owned shares prior to the company emerging from bankruptcy came back with a lot fewer of the new shares.If you held on through the bankruptcy, you got roughly one new share for every 120 old ones. That's tough, but what matters now is where the stock goes from here? Wolfspeed rushed into a prepackaged Chapter 11 bankruptcy to significantly lower its debt load. It accomplished that by reducing its debt by about 70% and its annual cash-interest expense by around 60%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool