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Archive for the 'bankruptcy' Tag

Blockbuster finally says the B-word…

Monday, August 16th, 2010

For the past few years, there’s been bankruptcy chatter about Blockbuster (BLOKA). Indeed, at times the speculation has been so rampant that company executives have had to actually issues statements to the media (see this story from last year and this interview with CEO Jim Keyes from this past June) that the company was not [...]

The sweetheart deals continue unabashed at Pilgrim’s Pride…

Friday, May 14th, 2010

One might think — OK, perhaps hope — that after going through the grind of bankruptcy and emerging relatively unscathed, that the executives at a particular company might feel a wee bit chastened, perhaps even cautious about how things could look to others. But that’s not exactly the case at Pilgrim’s Pride (PPC), which is [...]

Footnoted frequent flyer files for Chapter 11

Wednesday, January 6th, 2010

Yesterday, Mesa Air Group (MESA) announced that it was filing for Chapter 11. Here’s a snip from a statement made by Chairman and CEO Jonathan Ornstein in yesterday’s press release: “Over the past two years, we have worked closely with our lessors, creditors and other constituents to restructure our financial obligations. These efforts have led [...]

An expensive August for Lehman…

Thursday, September 17th, 2009

You may have already had your fill of Lehman 1-year anniversary stories — even Nouriel Roubini weighed in this week on Tuesday’s anniversary. But one day later we caught the monthly schedule that Lehman is required to file with the bankruptcy court on its expenses. In August, the bill came to $58.8 million — a [...]

GM: Please don’t buy our stock!

Thursday, July 2nd, 2009

At a time when so many people are beating the drum about the need for companies to file transparent documents with the Securities and Exchange Commission, General Motors (GMGMQ) deserves credit. Granted, the subject of the press release that accompanied yesterday’s 8-K was very grim; but there’s no spin at all in their message: GM [...]