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 / Real Estate

Scrub Island Development Group Chapter 11 Petition Filed

Privately-held Scrub Island Development Group filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Florida, case number 13-15285. The Company, which owns a luxury resort and related 230-acre Caribbean island, is represented by Charles A. Postler of Stichter, Riedel, Blain & Prosser. This Chapter 11 filing follows a lawsuit filed in the Caribbean Supreme Court by lender FirstBank Puerto Rico seeking the appointment of receiver. On November 1, 2013, the Carribean Court issued an order appointing a temporary receiver. In documents filed with the Court, the Company asserts, “It has also become apparent to the debtors that FirstBank’s secretive actions in obtaining the appointment of a receiver were done with the goal of wiping out all claims of creditors of the debtors, including claims of significant United States creditors of the debtors, as well as the substantial equity invested in [the Company] by its shareholders.” Scrub Island Development Group indicated total assets greater than $100 million on its Chapter 11 petition.

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Turnaround Investing Blog

Turnaround Investing Blog

Return of Volatility? No, Return of "Normal"

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. Read More.

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.


Value Investing


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


stock market advicex


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."