easy enough way to protect against a bankruptcy....just place a stop loss good til cancelled.
A stop protects on the downside cause the possiblity of a dramatic upside is very real as well these guys are a going concern and have just survived a nuclear winter in the telecom technology space. Not like anyone else did very well either [jdsu, fnsr]. If the cap ex expenditures by the likes of att, vz, comcast pick up then we might get some reasonable upside.
while these guys aren't best in class, at these prices, if the sector moves up they'll move up as well cause they are trading at yard sale prices.