The iHeartMedia Chapter 11 Bankruptcy Report explains, “As the stock will likely become worthless in a bankruptcy, we see no attractive investment opportunity for IHRT shares while the company is in the Chapter 11 process. It is possible that the CCO shares would become worthless. However, New Generation Research estimates that the CCO shares could have an exit value ranging from $3.60/share to $8.00/share (compared to the 3/14/18 price of $4.90).”
Learn more with this free iHeartMedia Chapter 11 Bankruptcy Report.
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