Bonds

Securities that reflect a debt of the company

ARTICLES

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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Southeastern Grocers Files Prepackaged Bankruptcy

Southeastern Grocers Chapter 11 Petition, Plan Filed

Southeastern Grocers (a/k/a Winn-Dixie, BI-LO and Harveys Supermarkets) and more than 25 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-10700.
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Claire's Files Bankruptcy

Claire's Stores Chapter 11 Petition Filed

Claire's Stores and 12 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-10584.
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iHeartMedia Files Bankruptcy

iHeartMedia Chapter 11 Petition Filed

iHeartMedia (f/k/a CC Media Holdings) and more than 35 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 18-31274.
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Energy Future Holdings Emerges Bankruptcy

Energy Future Holdings Plan Effective, Summarized

Energy Future Holdings (EFH) and Energy Future Intermediate Holdings' (EFIH) First Amended Joint Plan of Reorganization [Further Revised] became effective, and the Company emerged from Chapter 11 protection under an acquisition with Sempra Energy.
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CGG Holdings (U.S) Emerges Bankruptcy

CGG Holding Plan Effective, Summarized

CGG Holdings (U.S)'s Joint Chapter 11 Plan of Reorganization [Further Revised] became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on October 16, 2017.
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Tops Holding Files Bankruptcy

Tops Holding II Chapter 11 Petition Filed

Tops Holding II and 24 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-22279.
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DOCUMENTS AND FILES

Bankruptcy Investing

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.

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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."