Bankruptcy/Chapter 11 / Post-Bankruptcy Stocks

Largest Bankruptcies of 2013

The chart below reveals the largest bankruptcies

of 2013, as ranked by total pre-petition assets:

Company	Bankruptcy Date	Description	Assets *
Penson Worldwide, Inc.	01/11/13	Investment Processing	$6,197
Dex One Corporation	03/17/13	Marketing Solutions	$2,835
Exide Technologies	06/10/13	Lead Batteries	$2,195
Central European Distribution Corp.	04/07/13	Alcoholic Beverages	$2,073
RDA Holding Co.	02/17/13	Media & Marketing	$1,564
SuperMedia, Inc.	03/18/13	Yellow Pages Directory	$1,410
Revel AC, Inc.	03/25/13	Resort Casino	$1,170
Triad Guaranty Inc.	06/03/13	Mortgage Insurance	$896
GMX Resources Inc.	04/01/13	Oil & Gas Exploration	$542
Geokinetics Inc.	03/10/13	Oil & Gas Services	$514

*Total Pre-Petition Assets in $mils

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What did The Turnaround Letter see that others did not?

What did The Turnaround Letter see in these companies that others did not?

Questions & Tips

AskGeorge

Why are you still recommending MGIC?

I don’t normally comment on individual stocks in this particular blog, but the MGIC situation represents a basic investment principle that is worthy of discussion here.

How important are Price-to-Earnings (P/E) ratios in evaluating turnaround stocks?

Price-to-Earnings ratios are probably the most widely used tool for comparing the relative values of different stocks.

Does the poor performance of the stock market in May indicate that the U.S. is headed for a new recession?

This question comes up frequently when the market takes a dip.

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