Analysts Doubt HealthSouth Can Hang On

The HealthSouth (HRC Quote) story is playing out like a cruel April Fool's joke.

Fretting over an April 1 debt payment that could tip HealthSouth into bankruptcy, Bank of America warned investors Monday to sell their shares in the scandal-plagued therapy chain before the stock becomes worthless. At least four other research houses issued similar downgrades last week, following startling charges that HealthSouth has been inventing earnings almost as long as it has been reporting them to the public. ...