By Paulo Santos : Were you surprised by AMR Corporation’s ( AMR ) stock going UP after the company announced bankruptcy and the stock took an initial plunge of $0.20-$0.30, as seen in the chart below? Don’t be. It’s actually a pretty common effect; it has happened in dozens of different well-known ...
The Fairholme manager comments on the fund's significant investment in the convertible bonds and bank debt of bankrupt mall operator General Growth Properties.
The T. Rowe Price High-Yield manager discusses the firm's investment in the debt of companies emerging from bankruptcy , including Lyondell, GM, and CIT Group.