As some people are aware, COVID-19 is hurting the Chuck E. Cheese company and they are now looking into restructuring. Two Peter Piper Pizzas and three Chuck E. Cheese locations permanently closed. More closures and layoffs are expected soon. Does anyone here have a good insight on what is expected to happen next?
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Highly likely they will go belly up. Company is running out of cash. Bonds have sold off massively (now trading at 8 cents on the dollar). One billion in debt and unable to pay means they will go bankrupt.