Bankruptcy/Chapter 11

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

ARTICLES

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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Rentech to Liquidate

Rentech Plan Confirmed, Summarized

The U.S. Bankruptcy Court issued a revised order confirming Rentech's Second Amended Combined Disclosure Statement & Chapter 11 Plan of Liquidation [Revised].
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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

Tupperware: Not a Good Fit as a Turnaround Stock

At first glance, the shares have decent appeal as a turnaround investment. Looking deeper, however, the fundamentals are not as strong and stable as they appear. Surplus cash flow is tight, a key driver is weakening, it is increasingly reliant on China and has other nagging issues. We don’t see the new CEO as a catalyst for change. Despite the “first glance appeal”, Tupperware isn’t a good fit as a turnaround stock. 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."