Carvana -- a meme stock bankruptcy dream trade?

Is Carvana a buy at its current price? Hear me out - a fallen meme stock that is currently priced fairly rationally, given its overwhelming debt burden and burn rates. It's down 99% from ATH, but it's still got $300M in the bank, $2B in real estate assets, and $2B in committed liquidity. 


And if it goes bankrupt -- what happened to Kodak, Revlon, and Hertz after their bankruptcy announcements? Up 300%+. Thoughts? ;)

 

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