![]() “These are companies that are for all intents and purposes bankrupt they have too much debt and the stocks are going up 50 to 100 per cent a day. “It’s a head-scratcher because people are getting involved in volatile penny stocks but the underlying fundamentals of these companies are horrific,” Taylor said. Stocks such as Hertz Global Holdings Inc., JC Penney Company Inc. ![]() ![]() But he says the “bankruptcy bubble” which emerged in the past few weeks is the biggest he’s ever seen. Over the course of two decades on Bay Street, Purpose Investments Chief Investment Officer Greg Taylor has seen his share of bubbles and buying frenzies: dot com, crypto, cannabis.
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