Needless to say, it worked out for AMD.
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Its possible to survive downturns. You need to cut staff, stabilize the company, and then turn it all around. It takes a good management team with long-term vision.
I think "Best Buy" was a good turnaround in the past 10 years, and actually retail. So maybe a better example?
I dunno enough about BBBY. But its "possible" to turn a company around. I admit that most of these cases look like a lost cause though (Kodak, Sears, K-Mart, etc. etc.)
Yeah, those kinds of names I had in mind. Skimming through some of the other comments on this thread I'd put it in the "lost cause" category.
These things can "kinda" turn around, by which I mean there are a lot of false dawns and people think they're in a recovery situation, only for the thing to grind lower longer-term.
In investing, never say never, of course. Miracles do happen, but I think the outlook is bleak for this company.