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.

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Free Report: Turnaround Investing Mistakes

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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."