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Author Topic: Gadzooks (GADZ) bankruptcy news
Special J
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News out!

Reuters
Gadzooks files for bankruptcy
Tuesday February 3, 7:09 am ET


NEW YORK, Feb 3 (Reuters) - Gadzooks Inc. (NasdaqNM:GADZ - News) on Tuesday filed for bankruptcy after the struggling clothing retailer suffered a weak holiday shopping season, according to court records.
Gadzooks, a Dallas-based chain of more than 400 stores aimed at teenage girls, filed for Chapter 11 protection in the U.S. Bankruptcy Court in the Northern District of Texas.

Its filing listed total debts of more than $42.5 million and assets of about $84.6 million

I figure this stock will drop down pretty low after filling bankruptcy. Anyone think its a good investment to get in while its low?

Posts: 254 | From: Indiana | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Special J
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Stock currently at 1.04, with a six month high of 8.00
Posts: 254 | From: Indiana | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
realityinc21
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quote:
Originally posted by Special J:
News out!

Reuters
Gadzooks files for bankruptcy
Tuesday February 3, 7:09 am ET


NEW YORK, Feb 3 (Reuters) - Gadzooks Inc. (NasdaqNM:GADZ - News) on Tuesday filed for bankruptcy after the struggling clothing retailer suffered a weak holiday shopping season, according to court records.
Gadzooks, a Dallas-based chain of more than 400 stores aimed at teenage girls, filed for Chapter 11 protection in the U.S. Bankruptcy Court in the Northern District of Texas.

Its filing listed total debts of more than $42.5 million and assets of about $84.6 million

I figure this stock will drop down pretty low after filling bankruptcy. Anyone think its a good investment to get in while its low?

LOVE THOSE BANKRUPT STOCKS!! THANKS--WILL PUT ON MY WATCH LIST.

------------------
DIANA

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Special J
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It looks like its leveling off at about 0.5
Posts: 254 | From: Indiana | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Dev
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I love the bankrupt stock too. IT si nice and fast money to buy lunch. IT is my watch list too.
DEV
Posts: 49 | From: Arlington | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
   

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