So, let's indulge ourselves in a little thought experiment:

No matter how much of an WP evangelist one might be, the line between religious devotion and overly-optimistic investing probably gets drawn at the point when one actually considers that a given company might, no matter how good the product, end up failing and bankrupting itself.

So, let's assume Nokia goes bankrupt. The "stock is so low, tiem 2 by moaaar" crowd, I mean duo, gets stuck with a crapload of stock belonging to a dead company.

Once things go down south, how will price react, and what opportunities arise for making a profit out of those share? And, more likely, is there actually any way to make such profit?

In short, what happens to stock owners once Nokia gets comfy in wooden pajamas, and proceeds to gulp down some grass juice six feet under?