Distressed Investing Archives - Page 3 of 9

Sell Alert: Herbalife 4.25% Convertible Bonds

Posted onThursday, July 3, 2025Wednesday, July 9, 2025AuthorPorter & Co.

On February 13, we issued our Distressed Investing report A New Burst Of Life, in which we recommended purchasing Herbalife’s 4.25% convertible bonds due June 15, 2028. Today, we are recommending selling the bonds, to realize a return of 35% from our entry price. Our thesis for recommending the bonds less than five months ago

These Are The Good Old Days For Distressed Debt

Posted onThursday, June 26, 2025Wednesday, June 25, 2025AuthorPorter & Co.

Innovations of the past few decades have created many outstanding opportunities in distressed investing. To ease the pain of distress, financial entrepreneurs created new procedures to reduce the cost of fixing broken balance sheets – all to the benefit of individual investors.

Sell Alert: JetBlue Airways 0.5% convertible bonds maturing April 1, 2026

Posted onTuesday, June 17, 2025Tuesday, June 17, 2025AuthorPorter & Co.

Today JetBlue Airways (Nasdaq: JBLU) announced a new round of cost cuts as travel demand remains sluggish. The company is reducing its schedule and ending service to certain markets. JetBlue CEO Joanna Geraghty indicated the company is unlikely to achieve its previously stated goal of a breakeven in operating margin this year. Since we recommended

More Ways To Get The Good Life

Posted onThursday, June 12, 2025Thursday, June 12, 2025AuthorPorter & Co.

The company whose bond we recommended in February and whose stock we are recommending in this issue has made a strong turnaround – plus, it has recently made three related purchases that should further help its profits… and share price.

Beware The Siren Song Of Non-Cyclicality

Posted onThursday, May 22, 2025Wednesday, May 21, 2025AuthorPorter & Co.

Distressed-debt recommendations don’t rely on stories about immunity to recession that may turn out to be fairy tales. No. Instead the Distressed Investing team rolls up their sleeves, gets their hands dirty, and invokes a couple of more clichés that describe rigorous analysis of companies’ financial leverage, maturity schedules, liquidity sources, and cash flows.

Sell Alert: Hughes Satellite 5.25% 8/1/2026 Bond

Posted onFriday, May 9, 2025Friday, May 9, 2025AuthorPorter & Co.

EchoStar (Nasdaq: SATS) reported its results for the quarter ended March 31. The news pushed up our Hughes Satellite bonds to a price where we recommended selling. Operating profit for the Hughes Satellite business – the business that issued the 5.25% secured bonds maturing August 1, 2026, in the Distressed Investing portfolio – rose 8.1%

Cracking The Code

Posted onThursday, May 8, 2025Wednesday, May 14, 2025AuthorPorter & Co.

In the heart of America’s Corn Belt, the company whose bond we recommend in this issue has quietly transformed itself from a traditional ethanol producer into a biotech innovator – unlocking more from every kernel of corn than anyone thought possible.

A Possible Misery Index Renaissance

Posted onThursday, April 24, 2025Thursday, April 24, 2025AuthorPorter & Co.

If the supply of distressed bonds increases, the prices of distressed bonds will likely decline. This suggests some bargains will become available for discerning, patient investors. We’ll be carefully looking over the distressed merchandise to generate profitable recommendations.

Car Talk

Posted onThursday, April 10, 2025Thursday, April 24, 2025AuthorPorter & Co.

The bond we are recommending this month was issued by a spinoff technology company that is the leading player in a growing industry. Now under new management it is doing the right things and beginning to turn the company around.

Sell Alert: QVC 4.375% Bond Maturing 9/1/2028

Posted onThursday, April 3, 2025Thursday, April 3, 2025AuthorPorter & Co.

In Distressed Investing’s December 2024 issue “Rising From The Ashes,” Marty Fridson and his team recommended buying QVC’s 4.375% bond maturing September 1, 2028, then at $840, up to a price of $860. The bonds currently trade for $878, up 4.5% from the entry price. We liked QVC’s business –- which had been improving –