The health of the stock is not the same as the health of the company.
Lets say there is a company that's making a tidy profit quarter after quarter, they have a good produce people like using, it provides good jobs for its employee's sends lots of taxes to federal and local governments alike.
Then some wall street speculators decide to buy the company for an amount that is 10 times what its profits could justify, not really caring about the numbers ... just hoping to ride a bubble and get out before it pops.
Lets say that company does an incredible job and doubles or even triples its profits.
That company is now officially failing. Its profits are still only a fraction of what the gamblers on wall street would be happy with.
Its stock prices will continue to fall, at some point maybe even falling below the actual value of the company. Then some venture capitalist swoops in and tears the company apart for a quick profit. The assets go in one direction while somehow, magically all the debt goes in another.
Meanwhile this perfectly healthy company which was more the adequately providing goods & services, jobs and tax revenue the entire time ceases to exist.
Its creditors are in bankruptcy court argues over pennies on the dollar.
Its employee's are mostly on unemployment.
Its stock holders are now gambling their money elsewhere.
Its top executives rode their golden parachutes to safety.