"Q" Added To Stock Ticker Symbol

When a company is involved in bankruptcy proceedings, the letter "Q" is added to the end of the company's stock ticker symbol. When a company emerges from bankruptcy, in most cases the plan of reorganization will cancel the existing equity stock. Accordingly, be sure to read a company's proposed plan of reorganization before purchasing stock in a bankrupt company. For more information about the impact of bankruptcy proceedings on securities, please read our online publication, Corporate Bankruptcy.