Comments on Distressed Debt Investing: Distressed Debt Equity Example - Visteon (VSTNQ)

After reading your analysis here, about 98% of whi...

2011-07-10T13:38:08.709-04:00

After reading your analysis here, about 98% of which is over my head, I'm very curious if you've looked at the DISH/TSTRQ proceedings going on right now.

Some are hoping to ride a speculative wave on the TSTRQ share price on the strength of either a) commons coming out intact, or b) just the speculation that they might in tandem with some speculation about the assets TSTRQ has left over after the sale to DISH, i.e. what they might look like upon re-emerging.

All of this is so far beyond me, but I have considered playing TSTRQ for a pop. I'm curious about your thoughts.

Absolutely fantastic blog.

I'd have to second Jack's comment. Perhaps...

2010-03-11T18:32:36.396-05:00

I'd have to second Jack's comment. Perhaps a step-by-step explanation of a simplified hypothetical BK and the major documents (and sources of the documents) and timing, and what to look for in each etc. would really help crystalize where to begin when looking at one of these. Thanks for all the work that you do. Incredibly informative.

so i gess the bottom line here is that we all mite...

2010-03-11T12:43:28.388-05:00

so i gess the bottom line here is that we all mite in for a big fall of the stocks????/ or do we hold on to them ????

The big question for me, as a bankruptcy lawyer an...

2010-03-11T10:16:58.437-05:00

The big question for me, as a bankruptcy lawyer and not yet an investor, is how do I get access to quotes so that I can analyze distressed opportunities? It seems like to make a contribution to DDIC you have to already be tied into the distressed pipeline. The value of using the site as a launchpad to a distressed investing interview or career is reduced if you don't have a bloomberg. Anyone know of other resources I can use?

Hunter, Many kudos for a great site and the remark...

2010-03-10T16:04:56.274-05:00

Hunter,
Many kudos for a great site and the remarkable energy you put into it. I follow the analysis with interest and it is ex post but very valuable. The investor goal is to try to find these opportunities beforehand. I am not an industry professional and I was wondering if you can do a post about finding primary sources such as the plan of re-organization and related documents as well as a timetable to important events in the bankruptcy process. Whenever I try to do this, I get lost in a minefield of documents and pages. Can you give us the benefit of your experience in trying to intelligently find and deal with documents and what sections we should emphasize? I realize this is asking a lot but it would be of great practical help. Forgive me if you've already done this.

Looks just like GSIGQ...

2010-03-09T13:03:26.265-05:00

Looks just like GSIGQ...

They can't sandbag the actual numbers - they a...

2010-03-09T11:57:19.189-05:00

They can't sandbag the actual numbers - they are audited. They can sandbag projections and create a lower valuation...

This is more about recutting the deal off of bette...

2010-03-09T10:11:12.750-05:00

This is more about recutting the deal off of better numbers. Other BK case in auto parts sector seeing same thing, including recently with Accuride and now subs in Cooper

I do not totally follow the logic here. Why is it ...

2010-03-09T08:59:48.889-05:00

I do not totally follow the logic here. Why is it in mgmt's interest to report big year-end numbers before the plan is confirmed? From the way you lay it out, it seems like they would want to keep sandbagging until they confirm a plan, so they get the equity at a low valuation, and then report big results after they emerge once they can sell their stock. What am I missing here?