How can you go bankrupt when you are making money. Yes they lost money last quarter on some non cash charges, but when you back those charges out, they not only made money, they beat expectations. They are going to have positive earning next quarter as well and NOL refunds will start coming in to build their cash position further.
With the economy improving, INVESTING in materials at these levels is a wise move.
i would agree that there is no chance of bankruptcy, in fact they should be up tomorrow with all the good news from europe, may even bread above 21. While i still believe 18 is possible, the bottom could be in. If I owned I would hold now but not add til 18 or 24.