"Take a look at these companies' Altman Z-Scores. The Altman Z-Score is a formula used to measure risk of bankruptcy. The equation uses a company's working capital, retained earnings, EBITDA, market value and sales; relative to total assets and liabilities. A score above 2.99 is considered to be a safe zone, a score below 1.81 is considered to be a distress zone. AMD is well below the cutoff for the distress zone."
AMD's Altman-Z score currently is -0.206! Bankrupcty is a virtual certainty. What happens to shareholders when a public company like AMD enters bankruptcy?