There really is a sucker born every minute… At least there is on Wall Street, where investors flock to the stocks of companies that were on the verge of going belly up if they hadn’t maneuvered a last-minute, highly complex debt-restructuring deal. The hallmark of this specific type of deal is that some insider needs to be
Plays off that famous JK Galbraith line about the financial market memory lasting about 20 years, it’s just a constant recycling of FOMO and get rich quick schemes.
What about Yellow. New loan offers pouring in? The loss of this company leaves a huge void. I mean there are real good reasons to save this company, esp if the new owners can renegotiate the union deals.
Another article that brings sunlight to the sordid in a clear, concise and even-handed manner.
We wrote a piece citing your previous missive on this somehow-legal conduct and will have to add in another link. The stories seem to only become more pernicious with an ever increasing amount of intent adverse to the owners of the stocks. If, how and when this will stop is beyond me. Unfortunate for the less sophisticated being sucked into these headline "disclosures."
Plays off that famous JK Galbraith line about the financial market memory lasting about 20 years, it’s just a constant recycling of FOMO and get rich quick schemes.
When Michael Green says "it makes me pine for crypto" what does he mean? Can someone help?
Think it means this conduct is less savory than some of the novelty tokens that were pumped and dumped on retail. Opinion only.
What about Yellow. New loan offers pouring in? The loss of this company leaves a huge void. I mean there are real good reasons to save this company, esp if the new owners can renegotiate the union deals.
Another article that brings sunlight to the sordid in a clear, concise and even-handed manner.
We wrote a piece citing your previous missive on this somehow-legal conduct and will have to add in another link. The stories seem to only become more pernicious with an ever increasing amount of intent adverse to the owners of the stocks. If, how and when this will stop is beyond me. Unfortunate for the less sophisticated being sucked into these headline "disclosures."