Distressed Debt Investing has today launched the Distressed Debt Investors Club, a “community of investors dedicated to sharing ideas and helping each other navigate the sometimes mine-filled path of the distressed debt world.” Members are admitted on the strength of their application and the thought process evident in the investment idea. Only 250 members will [...]
Archive for the ‘Bonds’ Category
Distressed Debt Investors Club launched
Posted in About, Bonds, Greenbackd, Stocks, tagged Distressed Debt on November 6, 2009 | Leave a Comment »
Icahn builds position in MGM MIRAGE debt
Posted in Activist Investors, Bonds, Carl Icahn, MGM MIRAGE (NYSE:MGM), tagged Carl Icahn, MGM MIRAGE (NYSE:MGM) on April 20, 2009 | 1 Comment »
In Icahn Takes On Kerkorian in Big Las Vegas Showdown (subscription required), The Wall Street Journal reports that Carl Icahn has built a large position in the bonds of MGM MIRAGE (NYSE:MGM) and is pushing it to restructure in bankruptcy court. MGM is struggling to service approximately $14B in debt and fund payments on its $8.6B [...]
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