Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Healthcare Equipment & Services

Unigene Laboratories Chapter 7 Petition Filed

Unigene Laboratories filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of New Jersey, case number 13-24696. The Company, which engages in biopharmaceutical research, production and drug delivery of small proteins referred to as peptides for therapeutic use, is represented by Matthew E. Tashman of Reed Smith. As a result of the bankruptcy filing, a Chapter 7 trustee will be appointed by the Court and will assume control of the Company. All remaining assets of the Company will be liquidated in accordance with the Bankruptcy Code. According to documents filed with the SEC, concurrent with the Chapter 7 filing, the employment of all remaining employees of the Company, including Ashleigh Palmer, president and C.E.O., and Jack Wyszomierski, C.F.O., treasurer and secretary, was terminated. As a result, the Company no longer has any employees. In addition, Richard Levy, Ashleigh Palmer, Thomas J. Sabatino, Jr., Joel A. Tune and Jack Wyszomierski resigned from the board, and the Company has no current board members.  

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The Turnaround Letter In The News: Equities.com & Forbes

With more than 30 years of turnaround investing and market-beating results, it's no surprise that media and market pundits often seek George Putnam's commentary, stock picks and unique contrarian expertise. Most recently, both Forbes and Equities.com praised The Turnaround Letter. Read More.

Market-Beating Profit: The 200+ Club

Turnaround stocks present a unique opportunity for savvy investors to buy in at bargain prices. Take a look at this list of just a few of our purchase recommendations that have realized a return rate of 200% or better:

Value Investing Stock Profit

* Bristow remains in our active portfolio (currently as a Hold), and 1,390% gain is as of 7/19/17.

Here's Why You Should Invest in Asset Managers

 

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This Forbes article cites a recent MoneyShow write-up that recommends investors take advantage of the strong stock market and potential interest rate hike by "putting some of your investment assets into the shares of asset management stocks."

 

The article praises The Turnaround Letter's OAK purchase recommendation and quotes George Putnam: "As the corporate debt binge that we’ve experienced since 2009 comes to an end, Oaktree will benefit from a growing number of restructurings and bankruptcies."  

 

Learn more about Putnam's investing success with turnaround stocks.