Items Tagged with 'US Airways'

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Turnaround Letter's Take on American Airlines Merger

AMR-US Air Merger: More Benefit for Competitors?

One of the top stories in the bankruptcy and turnaround investing world over the past few weeks has been the merger of US Airways with AMR Corp. (the parent of American Airlines). Most of the press coverage has discussed the effect on the two airlines that are merging. We believe that, in the short run at least, the principal beneficiaries of the merger may be their competitors, particularly Delta and United.


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AMR-USAir Merger: More Benefit for Competitors?

One of the top stories in the bankruptcy and turnaround investing world over the past few weeks has been the merger of US Airways with AMR Corp. (the parent of American Airlines). Most of the press coverage has discussed the effect on the two airlines that are merging. We believe that, in the short run at least, the principal beneficiaries of the merger may be their competitors, particularly Delta and United.
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AMR-US Air Joining Forces

AMR Definitive Merger Announced

AMR, the parent company of American Airlines, and US Airways Group announced that the boards of directors of both companies have unanimously approved a definitive merger agreement...


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LCC Reports Increased Mainline Revenue Passenger Miles

US Airways June Traffic Reported

On July 5, 2012, US Airways Group, Inc. (NYSE: LCC) announced June, quarter and year-to-date traffic results.


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Turnaround Letter Recommends Selling US Air's Stock

Sale Recommendation for June 2012: US Airways

Because of industry volatility, we recommend selling this transportation stock now to benefit from its current rebound and lock in your profits.


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LCC - AMR Consolidation Explored

US Air Statement Issued

On May 11, 2012, US Airways Group, Inc. (NYSE: LCC) issued the following statement...


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LCC Mainline Capacity Increases

US Air April Traffic Reported

On May 3, 2012, US Airways Group, Inc. (NYSE: LCC) announced April and year-to-date 2012 traffic results.


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George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

Distressed Investing Blog

2015 Bankruptcy Recap: 46% Increase Fueled by Oil & Gas/Mining Industry--Further Uptick Predicted

Looking back at 2015, research reveals a 14% decline in overall business bankruptcies but a 46% uptick in public company Chapter 11 filings—with a striking 51% of those filings coming from the battered Oil & Gas/Mining sectors. Economic indicators point to further increases in corporate bankruptcy, in general, and Energy-related filings, in particular. Just a few days into 2016, this viewpoint has already been validated by Arch Coal's long-awaited $8 billion Chapter 11 filing—and continuing oil price plummets severe enough that OPEC will likely convene an emergency meeting to address "shattered" economies. Read More.

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Spotlight: Junk Bond Market

stock market advice

MarketWatch's Mark Hulbert recently tapped George's distressed investing expertise to determine the fate of the junk-bond market and what its nearly three-year decline likely means for your portfolio.

 

Hulbert writes, "What’s really going on? For insight, I turned to George Putnam, an expert in distressed-company investing. His Turnaround Letter advisory service has handily beaten the stock market over the past 15 years, according to the Hulbert Financial Digest’s tracking, by an impressive margin of 7.3 percentage points a year on an annualized basis."

 

Commenting on the rapid growth of high-yield exchange traded funds (ETF's), Putnam notes, "They have become the investment vehicle of choice for short-term investors….Those investors tend to be trend followers and, therefore, are just the opposite of being contrarian."

 

Read the full MarketWatch junk-bond article to find out what George thinks these recent indicators likely mean for future distressed investing profit.