Risk level: High
Potential: Moderate
Summary: FTD's bankruptcy has already offered some interesting inter-day trading opportunities. Although it's been reported that the stock may zero out, the recent spikes toward and exceeding nearly double market opening price indicate heavy resistance to this stock actually zeroing out and have offered traders high returns. The biggest loss from the bankruptcy is the proflowers.com domain name and brand which was sold for roughly 100 million dollars to settle 100 million dollars worth of debt which was owned on the purchase of the site. Another portion of debt has also been settled and other assets have been sold. The company is in talks to take out another loan for a similar venture to the one it had been running with proflowers.com to expand it's brand and recognition however it's unclear what direction that might go with the company currently filed for chapter 11.
Rating: Tradable
Exchange: US (Nasdaq)
