Bottom pickers beware; Borders nearing bankruptcy?
Picking stocks off the bottom of the 52-week low list can be fraught with dangers. Like your hidden jewel declaring bankruptcy and its common stock becoming worthless.
Book and record store Borders (check that, e-book and music store), mentioned here a couple of weeks ago, is one of those where the B-word has been swirling around the rumor mill lately. So, lest you take it as a blog “pick,” which it is not, instead of just an interesting idea, in my best lawyerly language, you are hereby warned!
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