Category Archives: Companies
It has been about 12 years since Edward S. Lampert acquired Sears and merged it with Kmart to create Sears Holdings (SHLD). Despite numerous spin-offs, asset sales and store closings, which have provided positive returns to shareholders, Sears Holdings today … Continue reading
Since it was spun off from Hewlett-Packard Company in November 2015, Hewlett Packard Enterprise Company (HPE) has made several important strategic moves to remake its business.
Shares of Five Star Senior Living (FVE) have performed poorly over the past two years, even underperforming FVE’s peer group, which has significantly underperformed both the health care sector and the broader market. The industry is suffering from a slow … Continue reading
Loan loss provisions are down sharply. Liquidity and capital measures are strong. NBG is positioned well to provide support Greece’s economic recovery. Yet, the stock trades at less than five times my estimate of pro forma EPS.
Unit Corporation is a diversified oil & gas company based in Tulsa, OK. Founded in 1963, the company was originally a contract driller. Over the years, it expanded into oil & gas exploration and production and mid-stream services (i.e. gathering, … Continue reading
Tidewater, the largest publicly-traded operator of offshore vessels and marine support services for the offshore oil & gas industry filed for Chapter 11 bankruptcy proceedings on May 17, one week after announcing that it had reached agreement with creditors on … Continue reading
Public Service Enterprise Group (PSEG) is a public utility holding company whose principal direct operating subsidiaries include Public Service Electric & Gas (PSE&G), which serves 2.2 million electric customers and 1.8 million gas customers along a northeast to southwest swath … Continue reading
Arch Coal emerged from bankruptcy on October 5, 2016 and recently filed its 2016 10-K which included its fourth quarter performance (Oct. 2 to Dec. 31) as a reorganized (i.e. successor) company. With its quick emergence from Chapter 11, substantial … Continue reading
UPS held an investor day in New York City on February 22, three weeks after reporting disappointing fourth quarter results. Its stock fell sharply on the earnings news, giving back all of its Trump rally gains. So far this year, … Continue reading
Other Thoughts on the Plan. In a bankruptcy, a debtor-in-possession serves as a fiduciary for the creditors and interests. The court oversees the case to ensure that the debtor fulfills its obligations. Yet, both the debtor and the court cannot … Continue reading