Streetbeat News

Bankruptcy

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

IWMY

IWMY, a fund known for high-yielding stock investments through options-selling strategies, faces potential insolvency due to its flawed strategy of selling daily in-the-money put options. This approach leads to rapid NAV erosion, making it a risky investment despite positive total returns with dividend reinvestment.

Portfolio Pulse from

November 06, 2024 | 3:00 am

BA

SPR

Spirit AeroSystems Holdings Inc. has expressed 'substantial doubt' about its ability to continue operations due to mounting losses, debt, and challenges at Boeing Co.

Portfolio Pulse from

November 06, 2024 | 12:30 am

SPR

Spirit AeroSystems has raised concerns about its ability to continue as a going concern, as stated in its recent quarterly filing.

Portfolio Pulse from

November 05, 2024 | 10:45 pm

LILM

German air-taxi maker Lilium, facing a cash crisis and potential insolvency, has hired KPMG to explore merger and acquisition options.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BHP

COP

DBRG

EQT

TDS

TGI Fridays has filed for Chapter 11 bankruptcy, aiming to restructure its finances while keeping its company-owned locations open. Meanwhile, several companies are involved in M&A activities, including ConocoPhillips auctioning shale assets and BHP Group retracting previous comments on a failed acquisition.

Portfolio Pulse from Anthony Noto

November 02, 2024 | 3:00 pm

LILM

Lilium N.V. has received a delisting notice from Nasdaq due to insolvency applications by its German subsidiaries. Trading of its shares will be suspended on November 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:37 pm

SAVE

Spirit Airlines (NYSE:SAVE) is experiencing stock volatility due to financial challenges, leading to pilot furloughs and asset sales. The company aims to save $80 million annually and generate $225 million in liquidity by selling older aircraft. Spirit faces a December deadline to refinance $1.1 billion in bonds, amid speculation of potential bankruptcy following a failed merger with JetBlue.

Portfolio Pulse from Henry Khederian

October 31, 2024 | 6:43 pm