An urgent warning about the ongoing consumer credit implosion, and Porter announces our new “short” portfolio.
Each Friday, we provide an update on the current live tracking portfolio (as of the previous day’s closing prices), a summary of the last week of trading activity, and updates on any significant developments among the companies we have positions in.
In July, we recommended QVC’s 4.375% bond maturing September 1, 2028, when it was trading for around $430. Today, we are recommending selling the bond. We have noticed a recent turn in the distressed-debt market. Until recently, investors tended to look beyond any hiccups in a company’s performance to focus on the longer-term outlook. In
The “Top Up” Strategy For Forgotten Stocks An Exclusive Presentation From Distressed Investing Legend Marty Fridson This is Porter & Co.’s The Big Secret On Wall Street, our flagship publication that we publish every Thursday at 4 pm ET. Once a month, we provide to our paid-up subscribers a full report on a stock recommendation,
Today, we’re recommending a series of trades designed to reduce portfolio risk and raise cash. We plan to execute all five of these trades at the prevailing market prices on Friday, October 31.
Today, Distressed Investing editor Marty Fridson writes that when panic strikes and sellers vastly outnumber buyers, outstanding opportunities will exist even in bonds that face no serious risk of failing to pay their interest and principal on time and in full. It can be a ripe time for juicy returns.
In today’s Daily Journal, Porter tells readers everything they need to know about the latest medical breakthrough and how to make millions of dollars investing in it over the next decade.
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