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By Kuldip K. Ambastha and Anil K. Ambastha Pacific Gas & Electric Co. (PCG), aka: PG&E Corp., announced it would file for Chapter 11 bankruptcy on January 29, 2019 due to massive claims caused by deadly wildfires. Since then, its stock has still been trading actively on the New York Stock Exchange (NYSE) as legal …
Continue reading “What Caught Our Attention in the Investment World? – Week of October 7-11, 2019”
By Kuldip K. Ambastha In the past trading week, the global beauty company Revlon, Inc. (REV) had mostly positive daily returns except for a price decline of -11.5% per share seen on Thursday, June 23, 2022. Per an announcement dated Thursday, June 16, 2022, Revlon has filed for voluntary Chapter 11 bankruptcy and reorganization for …
Continue reading “What Caught Our Attention in the Investment World? – Week of June 21-24, 2022”
By Kuldip K. Ambastha In this past week, BJ Services LLC and Ascena Retail Group (ASNA) both announced their bankruptcies. BJ Services LLC provides its services to oil & gas companies focused on North American exploration & production, and is voluntarily filing for Chapter 11 bankruptcy. This company intends to sell its assets, and its …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 20 – 24, 2020”
By Kuldip K. Ambastha Brooks Brothers is a famous American retailing company, and was founded in 1818. Over the years, it has been a clothier of presidents (in the USA, 40 out of 45 [89% of these] individuals), royals, financiers, war heroes, and many other such prominent people. On Wednesday, July 8, 2020, the company …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 6 – 10, 2020”
By Kuldip K. Ambastha Chesapeake Energy Corporation (CHK) of Oklahoma City, OK was in the news this week. The company was founded by Tom L. Ward (currently the Chairman and CEO of privately held MACH Resources) and the now-late Aubrey K. McClendon in 1989 with an initial funding of $50,000. Robert D. Lawler (aka: Doug …
By Kuldip K. Ambastha In this past week, Tuesday Morning Corporation (TUES), Hertz Global Holdings, Inc. (HTZ), and HP Inc. (HPQ) were all featured prominently in the news. Tuesday Morning Corporation (TUES) is a retail business focused on the American home. Due to the coronavirus pandemic, the company was forced to close its stores for …
Continue reading “What Caught Our Attention in the Investment World? – Week of May 26 – 29, 2020”