Bankruptcy News

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

Post-Bankruptcy Stocks

P10 Industries Plan Effective

P10 Industries' First Amended Prepackaged Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on April 27, 2017. BankruptcyData's detailed Plan Summary notes, "The Prepackaged Plan effectuates the terms of two Restructuring Support Agreements that will allow the Reorganized Debtor to obtain an investment of $4.654 million, which will allow the Reorganized Debtor to monetize the Reorganized Debtor's patents, make profitable acquisitions, run the Debtor's business and fund necessary capital expenditures all to maximize shareholder return eliminate significant lease and other liabilities pay all Administrative, Secured, Priority and General Unsecured Claims in full; and allow equity to retain its interests. The Restructuring Support Agreement with 210/P10 Acquisition Partners, LLC will invest $4.654 million in exchange for shares of the Reorganized Debtor's common stock representing approximately 48% of the Reorganized Debtor's equity." Mark A. Ascolese, P10 Industries' C.E.O., comments, "Today we turn the page on a new era for P10 Industries. We have completed the implementation of the conditions of the plan approved last week and are now focused on executing our business plan." This power supply products manufacturer filed for Chapter 11 protection on March 22, 2017, listing $1.9 million in pre-petition assets.

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Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

Turnaround Investing Blog

Lessons from the 1st Turnaround Letter of 32 Years ago

In July, 1986, exactly 32 years ago, George Putnam sent the first Turnaround Letter to subscribers. Technology back then seems like the Stone Age, with hard copy research and primitive CompuServe dial-up service. Wall Street ignored turnaround stocks back then and continues to ignore them today. While technology has changed immensely in 32 years, The Turnaround Letter’s philosophy of selecting out-of-favor companies on the verge of turning around hasn’t changed. Our timeless process helped driven The Turnaround Letter’s independently-verified market-beating returns. Read More.

Comparing Stocks Vs. Bonds

While the common stock of a turnaround candidate usually has the greatest upside potential, other classes of securities, such as bonds or preferred stock, may offer attractive profit possibilities with less risk. Many turnaround companies have only one class of securities available to investors but where there are different classes to choose from, it can pay to do a little extra analysis of the various options.

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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."