Bankruptcy/Chapter 11

A legal procedure that gives a business temporary protection from its creditors while it gets back on its feet

ARTICLES

Triad Guaranty Set to Emerge from Bankruptcy

Triad Guaranty Plan Effective, Summarized

Triad Guaranty's Amended Joint Plan of Reorganization [Revised] became effective, and the Company emerged from Chapter 11 protection.
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Erin Energy Files Bankruptcy

Erin Energy Chapter 11 Petition Filed

Erin Energy (F/D/B/A Camac Energy and Pacific Asia Petroleum) and three affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case number 18-32106.
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STG Files for Chapter 7

STG Group Chapter 7 Petition Filed

STG Group (f/k/a Global Defense & National Security Systems) filed for Chapter 7 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, case number 18-11395.
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Aeropostale Set to Emerge from Bankruptcy

Aeropostale Plan Effective, Summarized

Aeropostale's Second Revised Third Amended Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection.
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Seadrill Amends Chapter 11 Plan

Seadrill Plan, Supplement Filed & Plan Confirmed, Summarized

Seadrill filed with the U.S. Bankruptcy Court a Second Amended Joint Chapter 11 Plan (as Modified) of Reorganization, which notes, "On the Effective Date, the Debtors shall consummate the Equity Rights Offering and the Note Rights Offering in accordance with the Rights Offering Procedures.
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Rentech Set to Emerge from Bankruptcy

Rentech Plan Effective, Summarized

Rentech's Second Amended Combined Disclosure Statement & Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection.
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Bertucci's Files Bankruptcy

Bertucci's Chapter 11 Petition Filed

Bertucci's and nine affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case 18-10894.
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Nine West Files Bankruptcy

Nine West Holdings Chapter 11 Petition Filed

Nine West Holdings and ten affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-10947.
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DOCUMENTS AND FILES

Kodak Report

Bankruptcy Investing

Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

Turnaround Investing Blog

IBM: Not Yet Time to Swing at this Pitch

IBM’s stock underperformance since IBM’s current CEO took the helm in 2012 has been stark, with the shares declining 23% while the S&P500 Index has more than doubled. One big problem: revenue growth rate is zero, at best. Without revenue growth, what’s left to entice investors? The real driver of value at IBM – free cash flow that is used to repurchase shares. Can IBM borrow its way to shareholder prosperity as its cash flows shrink? What to do with IBM shares? Wait for a better pitch in the form of a catalyst or much lower valuation. 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

 

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."