Bankruptcy News

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

Bankruptcy/Chapter 11 / Food & Staples Retailing / Post-Bankruptcy Stocks

Great Atlantic & Pacific Tea Company Plan Filed

Great Atlantic & Pacific Tea Company filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Reorganization and Exhibits to the Plan Supplement. The Debtors also filed a motion for an order (A) approving the Debtors’ notice of plan modifications; (B) providing that the Debtors are not required to re-solicit creditors on account of such modifications;(C) fixing a confirmation hearing date of February 27, 2012 and a deadline of February 24, 2012 for parties to object to the Debtors’ proposed Plan modifications and (D) approving amendments to their securities purchase agreements.

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More on Great Atlantic & Pacific Tea Company's bankruptcy

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Is there value in bankrupt PG&E’s stock?

In nearly every case, the shares of a company in bankruptcy become worthless. In very rare cases, however, they can become great investments. W.R. Grace (NYSE:GRA) shares produced a 75-fold return, as an example. With California utility PG&E (NYSE:PCG) now in bankruptcy, the range of possible outcomes for its equity is wide.

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EV/EBITDA: What Is It & Why Are We Using It More?

In reading recent editions of The Turnaround Letter, you have probably noticed that we are increasingly using EV/EBITDA as a valuation measure, rather than the better-known price/earnings multiple.  We thought it might be useful to describe this measure and why we like it.

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Turnaround Letter Stock Pick Named Top Performer of 2017


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What Last Year's Top Stock Pickers Are Buying in 2018


This Forbes write-up follows up on the recent Top Stock Tips report--naming The Turnaround Letter's Crocs recommendation the top performer of 2017: With 90% gains, CROX beat out 100 other investment ideas included in the report; and the stock continues to have value investing appeal, according to Putnam.


George notes, "We see additional upside for the stock in 2018 as management's efforts continue to bear fruit, though the gains will likely be more muted than we saw in 2017."