In The News
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2004
The Next Warren Buffett? November 22, 2005
Financier Eddie Lampert turned once-bankrupt Kmart into a $3 billion cash cow. Will he build it into a new Berkshire Hathaway?
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Bankruptcy League Table, The Deal November 22, 2004
US Steel Said To Be Eyeing Stelco, The Deal November 10, 2004
Word of a possible offer for Stelco from US Steel surfaced Wednesday, Nov. 10, following reports several companies were preparing bids for the Canadian steelmaker, which has been under the protection of Canada's Companies' Creditors Arrangement Act since January.
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The Fog of Chapter 11, The Deal November 4, 2004
Chapter 11 gives these airlines a chance to bring down costs and emerge better able to compete. But arguably, the bankruptcy system has also contributed to the industry's overcapacity, allowing entities with little chance of succeeding to remain in business.
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Playing To The Wall Street Set, Crain's New York Business August 2, 2004
Dealing with corporate bankruptcies is an acquired taste. The work is dismissed by most Wall Streeters as so much esoterica. But those who appreciate it see an elaborate interplay between bankers, creditors and lawyers who make claims and counterclaims, points and counterpoints, all the while keeping a sharp eye out for direction given by the bankruptcy judge.
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Companies Could Starve Without Junk-Bond Debt, New York Post July 24, 2004
When Alan Greenspan signed a death warrant for cheap credit, he also set up our economy for a $300 billion junk-bond meltdown that will wreck hundreds of companies. Market pros say the Federal Reserve chairman's moves this summer to hike interest rates from their half-century lows - possibly quadrupling it by late next year - is certain to help the overall economy in time.
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