Streetbeat News

Bankruptcy

BIGGQ

OLLI

Ollie's Bargain Outlet is expanding its store count by acquiring locations from the bankrupt Big Lots, which is positively impacting its financial results.

Portfolio Pulse from

December 10, 2024 | 2:30 pm

BHC

BLCO

Bausch Health Companies Inc. is considering the sale of Bausch + Lomb Corporation to address its significant debt burden. Bausch + Lomb showed revenue growth and a shift to net income in Q3, driven by new products. Despite bankruptcy rumors, strategic moves by major investors could prevent such an outcome.

Portfolio Pulse from

December 07, 2024 | 12:45 am

MIGI

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) has clarified that reports of the company filing for Chapter 11 bankruptcy are false. The company remains focused on its digital infrastructure platforms for AI, HPC, and digital assets markets.

Portfolio Pulse from

December 04, 2024 | 10:00 pm

RCL

Royal Caribbean has overcome bankruptcy fears from the Covid period to achieve record profits, with its stock price reaching all-time highs. The company is benefiting from strong industry growth, with passenger numbers expected to grow significantly in 2024. The stock is trading at a relatively low multiple compared to its earnings targets.

Portfolio Pulse from

December 03, 2024 | 1:00 pm

TCS

The Container Store is facing financial difficulties due to challenging market conditions and increased competition, leading experts to speculate it may be the next retailer to file for Chapter 11 bankruptcy.

Portfolio Pulse from

December 03, 2024 | 12:30 pm

BHC

Bausch Health Companies is undervalued and has a positive outlook for 2024, with solvency reassurance for 2025. The spin-off of Bausch + Lomb is expected to improve BHC's profitability and financial health, supported by its innovative pipeline.

Portfolio Pulse from

December 03, 2024 | 3:30 am

NKGN

NKGen Biotech has been selected as the stalking horse bidder for NKMax in its court-managed rehabilitation process in South Korea. NKGen's proposal includes up to $18 million in funding, and they have the right of first refusal on other offers. The final decision is expected in February 2025.

Portfolio Pulse from

December 02, 2024 | 9:30 pm

SLNG

SLANG Worldwide Inc. has filed for bankruptcy under Canada's Bankruptcy and Insolvency Act. Its shares, currently halted, will be delisted from the CSE on December 2, 2024.

Portfolio Pulse from

December 02, 2024 | 5:45 pm

TCS

The Container Store is reportedly on the verge of a possible bankruptcy filing due to challenges from a weak housing market and inflated prices.

Portfolio Pulse from

November 29, 2024 | 4:45 pm