Streetbeat News

Bankruptcy

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ULCC

Spirit Airlines is reportedly preparing for a bankruptcy filing after failed merger talks with Frontier Airlines. This news led to a 35% drop in Spirit's shares during after-hours trading.

Portfolio Pulse from

November 12, 2024 | 11:15 pm

SAVE

Spirit Airlines experienced a 30% share price gain despite facing challenges, including being struck by gunfire in Haiti and entering Chapter 11 bankruptcy protection discussions.

Portfolio Pulse from

November 11, 2024 | 7:30 pm

GMRE

Global Medical REIT's Q3-2024 results indicate flat rental revenue and AFFO. The bankruptcy of Steward Health Care resulted in a new lease with CHRISTUS Health. Concerns are raised about the sustainability of the high dividend yield, with a $10.00 price ceiling suggested.

Portfolio Pulse from

November 11, 2024 | 3:00 am

SAVE

Spirit Airlines is making efforts to avoid bankruptcy, but even in the best-case scenario, it is unlikely to yield significant financial returns for investors.

Portfolio Pulse from

November 09, 2024 | 11:30 pm

NULGF

NuLegacy Gold Corporation announced challenges in discovering economic quantities of gold at its Red Hill property, which may lead to suspending operations and considering reorganization due to financial difficulties.

Portfolio Pulse from

November 08, 2024 | 10:45 pm

NPAB

New Providence Acquisition Corp. II (Nasdaq: NPAB) has announced its intention to liquidate. The company will not extend its deadline for a business combination and will cease operations, redeem public shares, and dissolve. Warrants will expire worthless.

Portfolio Pulse from

November 08, 2024 | 9:30 pm

API

Natura &Co reported a strong Q3 2024 with R$ 6 billion in revenue, up 18.5%, and EBITDA growth over 50%. The performance was driven by Natura in Brazil. Avon Products Inc.'s deconsolidation due to Chapter 11 resulted in a non-recurring loss of R$ 7 billion.

Portfolio Pulse from

November 08, 2024 | 4:00 am

FRG

Franchise Group, owner of Vitamin Shoppe, declared bankruptcy while paying $5.75 million in bonuses to insiders to retain them, as reported by Bloomberg News.

Portfolio Pulse from

November 07, 2024 | 11:00 pm

BYND

Beyond Meat's Q3 report indicates revenue growth and margin improvement, but concerns over cash burn, debt, and bankruptcy risk persist. The company's valuation is less attractive compared to stable competitors.

Portfolio Pulse from

November 07, 2024 | 8:00 am

PLNT

Planet Fitness is making a last-minute bid to acquire the bankrupt budget-fitness chain Blink Holdings. This move comes after losing a previous bankruptcy auction to PureGym.

Portfolio Pulse from

November 06, 2024 | 3:45 pm