Rich Meatto Co-founder of Koyfin. Former distressed high-yield trader now creating, designing, and developing a financial platform you desire. Feel free to follow me on Twitter and my DMs are always open. Greater New York City http://www.koyfin.com 25 posts Facebook Twitter
Digest Guitar Center restructures The distressed digest for the week ending Nov 22 2020. Rich Meatto 22 Nov 2020 • 1 min read
Digest AMC continues to drop The movie theater chain's capital structure continues to weaken. The first lien notes traded down to 67.50 yielding 22.4% while the newly exchanged second lien notes traded down to 14.50. Rich Meatto 11 Oct 2020 • 2 min read
Digest Digest Highlights - Sept 27th Weekly Distressed Digest Highlights - ending Sept 25, 2020 Rich Meatto 27 Sep 2020 • 2 min read
Digest Digest Highlights - 09/20/20 Currently tracking 204 credits from 117 companies. Rich Meatto 20 Sep 2020 • 1 min read
Recapping past featured credits It has been 18 weeks since I began writing the weekly Distressed Digest. My primary focus each week is remain somewhat in touch with the general distressed market. Recording my thoughts on this blog has been helpful for me and hopefully given some insight for others. Rich Meatto 13 Sep 2020 • 4 min read
Digest Revlon's Chaos and Controversy It was 35 years ago when Ronald Perelman completed a hostile takeover of Revlon with the aid of junk bonds and corporate lawyers. Since then Revlon has been no stranger to chaos or controversy. Rich Meatto 6 Sep 2020 • 9 min read
Digest Gogo Capital Structure Takes Off It was a great week for the whole Gogo capital structure. Rich Meatto 30 Aug 2020 • 7 min read
Digest #Energy sucks Recently, I posted a YTD total return performance chart of the S&P 500 Energy Sector ETF (XLE) comparing against he S&P 500 (SPY) and Nasdaq 100 (QQQ). "Wow! Energy sucks." was my initial thought. Rich Meatto 21 Aug 2020 • 6 min read
Digest Fresh New Look for the Distressed Digest It has been over 3 months since starting the distressed digest and it was time for an upgrade. I hope everyone enjoys the new website as well as the new email newsletter going forward. Rich Meatto 16 Aug 2020 • 2 min read
Digest You’re Gonna Regret Borrowing All That Debt Tailored Brands (formerly known as The Men’s Warehouse) filed a voluntary petition for reorganization under Chapter 11 earlier this month. Rich Meatto 9 Aug 2020 • 5 min read
Digest Rising bankruptcies It is a great time to be a bankruptcy lawyer as another 22 companies filed for bankruptcy in July. An increase from the previous month, where 17 companies entered bankruptcy with at least $500 million in revenues and liabilities. Rich Meatto 2 Aug 2020 • 3 min read
Digest Cooper-Standard continues to underperform Nearly two years ago, Cooper-Standard (CPS) traded at an all-time high of $144.83 with a market capitalization of $2.58B. Since then, the stock has been in a steady decline since. Rich Meatto 26 Jul 2020 • 4 min read
Digest Give me just a little more time Distressed DigestJuly 19th 2020 Currently tracking 237 credits from 145 companies. If you wish to view the Distressed Watchlist within Google Sheets, please request access to it and I will Rich Meatto 20 Jul 2020 • 4 min read
Digest Recovery Valuation for Chesapeake Energy Creditors Chesapeake Energy filed for bankruptcy protection on June 28, 2020 due to its high levels of debt. With over $7B of total debt, the company entered into a Restructuring Support Agreement (“RSA”) with its lenders. Rich Meatto 12 Jul 2020 • 5 min read
Digest How to track corporate bond prices? In today’s world, it is relatively easy to buy stock in public US companies. Even easier to find up-to-date pricing for stocks and I highly recommend using Koyfin to do so. Rich Meatto 5 Jul 2020 • 3 min read
Digest 2020 Mid-Year Bankruptcy Recap As we reach the halfway point of the year, I thought it would interesting to compile a list of businesses that have filed for bankruptcy this year. Rich Meatto 28 Jun 2020 • 4 min read