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

Bankruptcy/Chapter 11

FiberTower Revised Disclosure Statement Filed

October 24, 2013
KEYWORDS bankruptcy / stock
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FiberTower filed with the U.S. Bankruptcy Court a Revised Disclosure Statement for its First Amended Joint Chapter 11 Plan dated September 27, 2013. According to documents filed with the Court, “In summary, the principal terms of the Plan…are as follows: (i) the holders of the 2016 Notes…will receive one hundred percent (100%) of the common equity in Reorganized FiberTower, in the form of shares of New FiberTower Common Stock; and (ii) Reorganized FiberTower shall receive one hundred percent (100%) of the New FiberTower Subsidiary Equity Interests in Reorganized FiberTower Network Services and Reorganized FiberTower Licensing, and Reorganized FiberTower Licensing shall receive one hundred percent (100%) of the New FiberTower Subsidiary Equity Interests in Reorganized FiberTower Spectrum, such that the Debtors’ corporate structure shall effectively remain in place following the Effective Date.” The Disclosure Statement revisions relate primarily to the Federal Communication Commission’s approval of the spectrum portfolio transfer. The Court is scheduled to consider the Disclosure Statement on October 29, 2013.

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MoneyShow.com interviewed George to learn more about his favorite value stock picks for today's market. In "Retail Turnaround Trio," Steve Halpern highlights three of The Turnaround Letter's recently-profiled retailers: JWN, TIF and SPLS.

 

Putnam notes, "Well the retailing sector is undergoing very fundamental change as people move away from the bricks and mortar mall doors to buying more and more online but that's not going to wipe out all of the old-fashioned retailers. Starting the middle of 2015, investors just moved away from retailers en masse and a number of them are trading at about half the level they were a year ago. We thought some of the higher quality names that definitely will be survivors looked interesting."

 

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