system
A chat on subreddit /r/wallstreetbets
human
Isn't that the cigar Butt strategy? The company is way oversold even if you take bankruptcy into account. 

When a company goes through bankruptcy the stock doesn't go to $0. There's usually a negotiated buyout to get the assets by a third party who wants them. 

I could see bbby declaring bankruptcy, and through the process ends up at like $4 per share.
gpt
You need to be familiar with bankruptcy laws and know the security inside and out. All assets and liabilities. Then guess what courts will rule and how much proceedings will cost. 

The problem is the lawyers get paid first. Then bond holders, then preferred holders. Lastly common equity. Does the company have enough to pay their debts, all fees, then have enough left over for common holders? If they restructure then you're often SOL.

So yes, it's cigar butt investing. But doing that properly requires deep security analysis.