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Eschler Asset Management is a London-based independent investment manager that invests in out-of-favor companies with strong recovery potential. In 2020 Recovery Fund rose over 50% on an asset-weighted basis, net of fees and expenses. This was the best annual tally since inception. ...
Destination XL recently delisted from the NASDAQ. Despite COVID headwinds, the business has not yet had to add a going concern warning on their financial statements. I believe $20m in EBITDA, positive cash flow, and break-even earnings are possible for DXLG in FY21. For furt...
Without a doubt, 2020 has been a unique year, with many challenges for investors in both markets and personal lives. 2020 has been a very volatile year, however I managed to achieve a total return of 49.2% over the year across seven different strategies (US and Canadian), all beating ...
Malls have been hit hard by COVID-19. With vaccines, there's light at the end of the tunnel. We look at one of our favorite companies in this space with three great investment opportunities. For further details see: 2024 Bond Yield +20%: Washington Prime
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. iCar?Apple's (AAPL) Project Titan is not only alive, but plans to produce an electric passenger vehicle with "breakthrough battery technology" and self-dri...
More than 11,000 retail location closures have been announced in 2020, according to a report from real estate firm CoStar Group, as the pandemic helped usher in an acceleration of online shopping."This movie is not finished. I suspect we're going to see more closings throughout 2021," said fo...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Mass vaccinationThe U.K. has become the first country in the world to approve the coronavirus vaccine from Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX), wh...
Tailored Brands (TLRD) says it has completed a financial restructuring and the implementation of the Plan of Reorganization confirmed by the U.S. Bankruptcy Court on November 13 and emerged from Chapter 11 bankruptcy.Tailored Brands emerges with $686M of debt eliminated from it...
A latest S&P Global report indicated that the number of U.S. corporate downgrades fell by 74% in Q3 to 107, its lowest level since 4Q18; upgrade count rose to 43 in-line with 3Q19 level.Amid consumer spending holding up better than expected post the earlier fiscal stimulus, credit conditi...
Michael Burry is the investor whose story was made into The Big Short , and one of the most famous investors to come out of the global financial crisis. He runs Scion Asset Management. As Scion's assets under management are large enough to demand SEC filings, we can get a once-per-quarter gli...
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Restructuring Support Agreement Supported by More Than 75% of Senior Lenders; Files Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan Men’s Wearhouse, Jos. A. Bank, Moores Clothing for Men and K&G Fashion Superstore Continuing to Serve Customers; ...
In this episode of Industry Focus: Consumer Goods , Emily Flippen and Motley Fool contributor Dan Kline discuss the third round of retail bankruptcies amid the ongoing pandemic. Some of these retailers were already on the "to watch" list for businesses likely to declare Chapter 11. They also ...
Tailored Brands (NYSE: TLRD) shares were down by about 31% as of 11:53 a.m. EDT Tuesday after the company noted in an SEC filing that "it is likely that we will pursue a reorganization under applicable bankruptcy laws, possibly as soon as during the third quarter of fiscal 2020." The owner...