Bankruptcy/Chapter 11 / Bonds
Vitro America Plan Confirmed
The U.S. Bankruptcy Court entered an order confirming Vitro America’s First Amended Plan. This glass products’ manufacturer and marketer filed for Chapter 11 protection in April 2011, following the filing of an involuntary petition against the Company. At the time of its April 2011 bankruptcy, parent company Vitro, S.A.B. de C.V. was also operating under the protection of Chapter 15. In June 2011, American Glass Enterprises was named the winning bidder at a U.S. Bankruptcy Court auction for the U.S. assets of Vitro, S.A.B. de C.V, and the U.S. assets included in that auction were Vitro America (aka Vitro Asset) and the Super Sky Products units.
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Identify & Profit from Distressed Investing
Turnaround Investing Blog
Sizeable market moves can increase the temptation to sell on downdrafts and buy on upswings; however, we strongly advise against attempting to do that. The chances of getting out at the right time and then back in again before the market rebounds are extremely slim.
Harnessing Activists to Help Find Turnaround Stocks
Activist investors often produce attractive returns for their clients; and you can still use their influence to help your position as a turnaround investor in two ways: Buy a position in a stock with the expectation that an activist will soon follow or buy after an activist takes a stake.
While one of the many dozens of activist funds might find their way to selecting your particular stock, this approach is likely to be frustrating and unrewarding. A better approach is to buy after the activist makes their move. Once an activist takes a stake in a company, how do you evaluate whether it is worthwhile to follow on? Admittedly, this is a bit of an art... Learn how you can harness the power of activist investors to find market-beating turnaround stocks.
Turnaround Letter Stock Pick Named Top Performer of 2017
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."
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