Items Tagged with 'Tribune Plan'

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Tribune Emerges from Bankruptcy Protection

Tribune Plan Effective

Tribune Company announced that its Fourth Amended Joint Plan of Reorganization is now effective, and the Company has emerged from Chapter 11 protection.


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Court Confirms Tribune Reorganization Plan

Tribune Company Plan Confirmed

The U.S. Bankruptcy Court confirmed the Fourth Amended Joint Plan of Reorganization for Tribune Company, as proposed by the Debtors, the official committee of unsecured creditors, Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase Bank.


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Tribune Files Amended Chapter 11 Plan

Tribune Company Plan Filed

Tribune Company, its official committee of unsecured creditors, Oaktree Capital Management, Angelo Gordon and JPMorgan Chase Bank filed with the U.S. Bankruptcy Court a Fourth Amended Chapter 11 Plan of Reorganization and Supplemental Disclosure Statement.
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Tribune Company Files Amended Reorganization Plan

Tribune Company Plan Filed

Tribune Company, its official committee of unsecured creditors, Oaktree Capital Management, Angelo Gordon and JPMorgan Chase Bank filed with the U.S. Bankruptcy Court a Fourth Amended Chapter 11 Plan of Reorganization and Supplemental Disclosure Statement.
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Tribune Files Amended Bankruptcy Plan

Tribune Company Plan Filed

Tribune Company, its official committee of unsecured creditors, Oaktree Capital Management, Angelo Gordon and JPMorgan Chase Bank filed with the U.S. Bankruptcy Court a Third Amended Chapter 11 Plan of Reorganization and Supplemental Disclosure Statement.


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Tribune Files Supplemental Reorganization Documents

Tribune Company Supplemental Disclosure Statement Filed

Tribune Company, its official committee of unsecured creditors, Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase Bank filed with the U.S. Bankruptcy Court a Supplemental Disclosure Statement related to the Third Amended Joint Plan of Reorganization for Tribune Company and its subsidiaries.


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Tribune Company Plan Filed

Tribune Company, its official committee of unsecured creditors, Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase Bank filed with the U.S. Bankruptcy Court a Third Amended Joint Plan of Reorganization and related Supplement Disclosure Statement.


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Tribune Plan Filed

Tribune Company filed with the U.S. Bankruptcy Court a Third Amended Plan of Reorganization.


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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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so why should you trust The Turnaround Letter?

  • The Turnaround Letter's 15-year returns were 11.0%--vs. S&P's 2.9%
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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.