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ARTICLES
FDML Board of Directors Elects Kevin P. Freeland
Federal Mogul Announced Election of Co-CEO of Federal-Mogul Corporation and CEO, Global Aftermarket
May 29, 2013
On May 29, 2013, The Board of Directors of Federal-Mogul Corporation (NASDAQ: FDML), a global supplier of powertrain and safety technologies, and of leading brands in the worldwide automotive aftermarket, announced the election of Kevin P. Freeland to the position of Co-Chief Executive Officer of Federal-Mogul Corporation and Chief Executive Officer, Federal-Mogul's Vehicle Components Segment (VCS), effective June 17, 2013.
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SUP Announces Net Income of $13.5 Million
Superior Industries Reported First Quarter Financials
May 3, 2013
On May 3, 2013, Superior Industries International, Inc. (NYSE: SUP) announced net income of $4.9 million, or $0.18 per diluted share, for the first quarter of 2013.
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DW Announces First Quarter Sales of $253 Million
Drew Industries Reported First Quarter 2013 Results
May 3, 2013
On May 3, 2013, Drew Industries Incorporated (NYSE: DW), a leading supplier of components for recreational vehicles (RVs) and manufactured homes, reported record net sales of $253 million for the quarter ended March 31, 2013, on which Drew earned net income of $8.4 million, or $0.36 per diluted share, net of an after-tax charge of $0.7 million related to executive succession and corporate relocation.
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LEA Reports First Quarter Net Income of $109 Million
Lear First Quarter 2013 Financials Announced
April 25, 2013
On April 25, 2013, Lear Corporation (NYSE: LEA) a leading global supplier of automotive seating and electrical distribution systems, reported financial results for the first quarter.
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F Announces Net Income $364 Million
Ford Reported First Quarter 2013 Results
April 24, 2013
On April 24, 2013, Ford Motor Credit Company (NYSE: CTS) reported a pre-tax profit of $507 million in the first quarter of 2013, compared with $452 million a year earlier.
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FDML Announces Sales of $1.7 Billion
Federal-Mogul Reported First Quarter 2013 Results
April 24, 2013
On April 24, 2013, Federal-Mogul Corporation (NASDAQ: FDML) announced Q1 2013 results with sales of $1.7 billion, (2)% lower than Q1 2012, due to lower European light vehicle and reduced global commercial vehicle production, with negligible exchange impact.
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F Declares Dividend of $0.10 per Share
Ford Motor Company Announced Second Quarter Dividend
April 12, 2013
On April 12, 2013, The Board of Directors of the Ford Motor Company (NYSE: F) declared a second quarter dividend of $0.10 per share on the company's outstanding Class B and common stock.
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XIDE Announced Financial Advisory Firm of Lazard Has Been Retained
Exide Technologies Retained Financial Advisor
April 4, 2013
On April 4, 2013, Exide Technologies (Nasdaq:XIDE) (www.exide.com), a global leader in stored electrical energy solutions, announced today that the financial advisory firm of Lazard has been retained to advise the company on financing alternatives to maximize the value of the company for all stakeholders.
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Competing Reorganization Plans for Ahern
Ahern Rentals Plans Filed
March 11, 2013
Certain Holders of Ahern Rentals’ 9 1/4% Senior Secured Second Lien Notes due 2013 filed with the U.S. Bankruptcy Court a Second Amended Plan of Reorganization and related Disclosure Statement.
Ahern Rentals Opposing Reorganization Plans Detailed
Ahern Rentals Competing Plans Filed
March 5, 2013
Ahern Rentals filed with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan of Reorganization and related Disclosure Statement.
DOCUMENTS AND FILES
Bankruptcy Investing
July 26, 2011
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Time to Pay the Piper: 7 Strategies to Minimize Tax Pain
“No taxes can be devised which are not more or less inconvenient and unpleasant.” ~ George Washington
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Europe’s Not Out of the Woods Yet, But…
The latest banking crisis in Europe, this time in the tiny island nation of Cyprus, shows that the continent has not yet truly solved its financial problems. It has only applied a series of band-aids that have temporarily averted disaster, but have not yet provided a firmer long-term footing for the Euro-bloc. There could be another crisis of confidence at almost any time, with Italy and Spain being the most likely instigators.
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What did The Turnaround Letter see 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.
Read More.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.
Read More.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.
Read More.Barron's Proclaims:
"For 21 years, George Putnam III has trained his sights on one of the more obscure areas of investing: turnaround situations and bankruptcies. By focusing on out-of-favor companies, his flagship publication, The Turnaround Letter, has achieved enormous success for its subscribers."
