Current On the Run Distressed Debt Credits

Before I continue my distressed debt analysis of Tronox, I wanted to answer a question I received from a reader:

"Hunter, I intend to apply to the DDIC, but want to make sure I write about an idea not yet covered on the site. Could you send me a list of credit that would suffice?"

And because I get that question often, I thought it would be a good idea to turn it into a post.

I just popped open my Bloomberg, went to MSGS and clicked to Distressed ... here is a screenshot:

Most people in distressed land know Alex Bea, and as you see he is dominating the JPM Distressed Trading desk...

Ok, back to the issue at hand: Just by eyeballing it, and combined with current entries to the Distressed Debt Investors Club, here are a few of the more live items that I think would be good additions to the site (and I will probably analyze here at some point)

• AIG, Amgen
• Fairpoint Term Loan
• Sorensen
• CIT
• MBIA
• Mortgage Insurers
• Gateway Bank Debt
• Insight Health
• Majestic Star
• Foxwoods (MASHTU)
• Stations
• Sallie Mae
• GGP (an update at least)
• Nortel
• Neff
• Greektown
• Wamu
• Lehman (no one has braved it yet!)
• Capmark
• Nuveen

I think that is a decent list to get people started. I'll try to tackle one of these a month on the DDIC myself - always good to get comments from other distressed debt investors!