distressed equity

In this issue, Marty Fridson details an opportunity to buy the common stock of a company whose bonds he previously recommended.

The largest movie theater operator in the world, the business we feature this month struggled after the pandemic, but management improved operations and bought distressed competitors and now is on a path to pre-pandemic levels of profitability.

The company we recommend this month has unmatched brand loyalty. However, it’s had its share of stumbles. We believe its near-fanatic customer loyalty is why it will ultimately thrive, despite some recent and very public missteps.