7.14.2010

Current On the Run Distressed Debt Credits

Before I continue my distressed debt analysis of Tronox, I wanted to answer a question I received from a reader:
"Hunter, I intend to apply to the DDIC, but want to make sure I write about an idea not yet covered on the site. Could you send me a list of credit that would suffice?"
And because I get that question often, I thought it would be a good idea to turn it into a post.

I just popped open my Bloomberg, went to MSGS and clicked to Distressed ... here is a screenshot:


Most people in distressed land know Alex Bea, and as you see he is dominating the JPM Distressed Trading desk...

Ok, back to the issue at hand: Just by eyeballing it, and combined with current entries to the Distressed Debt Investors Club, here are a few of the more live items that I think would be good additions to the site (and I will probably analyze here at some point)
  • AIG, Amgen
  • Fairpoint Term Loan
  • Sorensen
  • CIT
  • MBIA
  • Mortgage Insurers
  • Gateway Bank Debt
  • Insight Health
  • Majestic Star
  • Foxwoods (MASHTU)
  • Stations
  • Sallie Mae
  • GGP (an update at least)
  • Nortel
  • Neff
  • Greektown
  • Wamu
  • Lehman (no one has braved it yet!)
  • Capmark
  • Nuveen
I think that is a decent list to get people started. I'll try to tackle one of these a month on the DDIC myself - always good to get comments from other distressed debt investors!

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