Bonds

Securities that reflect a debt of the company

ARTICLES

High Yield Bonds: Two Pictures Signal Caution

Excerpted from the February 2018 Issue
While we generally like high yield bonds as a place to invest--the BofA/Merrill Lynch High Yield Index has a solid 10-year annualized total return of 7.8%, high yield returns tend to be somewhat cyclical. And, to quote an experienced high yield investor we know, the cycles "tend to end badly." The two graphs in this article suggest that we may be coming to a bumpy end to the current good times in the high yield market.
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BONT Files Bankruptcy

Bon-Ton Stores Chapter 11 Petition Filed

Bon-Ton Stores and nine affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-10248.
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Armstrong Energy Plan Confirmation

Armstrong Energy Plan Confirmed

The U.S. Bankruptcy Court issued an order confirming Armstrong Energy's Third Amended Joint Chapter 11 Plan.
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CVO Files Bankruptcy

Cenveo Chapter 11 Petition Filed

Cenveo and more than 30 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-22178.
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We would rather wait for the defaults and bankruptcies to happen.

High Yield Bonds: Two Pictures Signal Caution

While we generally like high yield bonds as a place to invest--the BofA/Merrill Lynch High Yield Index has a solid 10-year annualized total return of 7.8%, high yield returns tend to be somewhat cyclical.  And, to quote an experienced high yield investor we know, the cycles “tend to end badly.”  The two graphs in this article suggest that we may be coming to a bumpy end to the current good times in the high yield market. 
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Walter Investment Management Plan of Reorganization Approved

Walter Investment Management Plan Confirmed

The U.S. Bankruptcy Court issued an order confirming Walter Investment Management's Amended Prepackaged Chapter 11 Plan of Reorganization [Modified], and the Company anticipates emerging from Chapter 11 protection by January 31, 2018.
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21st Century Oncology Emerges Bankruptcy

21st Century Oncology Holdings Plan Effective

21st Century Oncology Holdings' Joint Chapter 11 Plan of Reorganization [Revised] became effective, and the Company emerged from Chapter 11 protection.
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XCOO Files Bankruptcy

EXCO Resources Chapter 11 Petition Filed

EXCO Resources (a/k/a TXOK Energy Resources Company) and 14 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 18-30155.
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DOCUMENTS AND FILES

Bankruptcy Investing

Identify & Profit from Distressed Investing

Free Report: Distressed Investing

Turnaround Investing Blog

Turnaround Investing Blog

Free Turnaround Letter Research Report: Bioverativ (NYSE: BIVV)

We're sharing this complimentary copy of our full Research Report for Bioverativ (NYSE: BIVV)—20+ pages of financial analysis, investment philosophy and straightforward explanation. BIVV, our most recent closed out purchase recommendation, brought Turnaround Letter readers 95% stock profit in seven short months. 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."