Is Spirit Airlines Worth the Gamble Amid Bankruptcy Fears?

Spirit Airlines is working from a position of weakness, and the risk is very high for investors that put money into the stock.Spirit Airlines (SAVE 2.92%) looked like it was destined to be merged away after it agreed to be acquired by JetBlue (JBLU 1.23%). Now that the deal has been called off, Spirit Airlines is struggling to stay afloat, and it still may end up going away -- and perhaps not in a positive fashion. This is a high-risk story stock around which investors need to tread very carefully.What went ...