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

Valley Forge Composite Technologies Chapter 11 Petition Filed

Valley Forge Composite Technologies filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Pennsylvania, case number 13-05253. The Company, which produces technology products, is represented by Maurice R. Mitts of Mitts Milavec. According to documents filed with the SEC, on October 14, 2013 Evan Levine was elected as chairman, following the resignation of Larry K. Wilhide from that role - and also following the resignations of Richard Relac, Eugene Breyer, Dr. Victor Alessi and Raul Fernandez. On the same date, Wilhide also resigned as interim president, interim chief executive officer and chief financial officer. Valley Forge Composite Technologies further announced its board’s recent affirmation of the Company’s decision to suspend all efforts related to its photonuclear detection system project, known as “THOR.” The Company explains, “When we review the objections of other nuclear systems for commercial application, we find that this system does not obviously improve upon their faults. Therefore, with the data we currently have, we believe substantial investment is required and the probability of success appears low.”

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Turnaround Investing Blog

Turnaround Investing Blog

Turnaround Investing Philosophy: 32 Years Later, Some Things Never Change

Recently I was asked how my investing perspective changed over the 32 years of publishing The Turnaround Letter. It's a fascinating question because change is constant, and often beneficial (although that's not a given) in the business world. If change is the norm, can investing principles stay constant? I firmly believe that they can. Read More.

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."