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 / Energy / Retailing

BankruptcyData's Analysis Reveals 35% YTD Increase in Retail Bankruptcies

BankruptcyData released its Q2 2017 Business Bankruptcy Filings Report, which indicates that the Retail, Services and Finance/Insurance/Real Estate sectors increased their percentages of overall business bankruptcies during Q2 2017, compared to the same period last year; and, YTD, the Retail sector is up approximately 35% compared to the same periods in both 2016 and 2015.

During 2Q 2017 Texas overtook New York as the state generating the highest percentage (nearly 20%) of overall business bankruptcies but New York retained top billing with 17% of YTD 2017 business bankruptcy filings.

As usual, small businesses make up the lion's share of filings, with companies reporting sales less than $500K generating 56% of all business bankruptcy filings during Q2 2017 and 61% YTD 2017. Similarly, business with less than 50 employees generated 87% of all bankruptcies during the first six months of 2017.

Though overall bankruptcy activity is trending upward, public company bankruptcies are down 31% thus far in 2017: 42 public companies filed for bankruptcy in the first six months of 2017, versus 61 in 2016.

Download the Q2 2017 Business Bankruptcy Filings Report directly to your browser for immediate access to nearly 30 pages of analytical charts and graphs reflecting current U.S. Bankruptcy Court activity.

Read more Bankruptcy News

Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

Turnaround Investing Blog

Amazon = US GDP 1970

Amazon joined Apple in reaching a $1 trillion market capitalization. $1 trillion is about the same as the total value of New York City property and the total value of loans at JP Morgan, the nation’s largest bank in terms of assets. Jeff Bezos’ $160 billion stake would place him (personally) as the #33 largest company in the S&P 500 in terms of market cap, next to Coca-Cola, Disney and Netflix. We aren’t bold enough to predict whether the shares will continue upwards or if they are in a bubble reaching maximum inflation. Setting aside for a moment their investment prospects, let’s admire the truly remarkable milestone that these two companies have reached. 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.

Read More.

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."