Current Distressed Universe

Public companies with distressed debt.

GENCO SHIPPING & TRADING LTD, 5s of 08/15/2015, 58 cents.
JAMES RIV COAL CO, 10s of 06/01/2018, 12.6 cents.
JAMES RIV COAL CO, 7.875s of 04/01/2019, 16 cents.
JAMES RIV COAL CO, 4.5s of 12/01/2015, 30 cents.
JAMES RIV COAL CO, 3.125s of 03/15/2018, 24 cents.
PENNEY J C INC, 7.125s of 11/15/2023, 65 cents.
PENNEY J C INC, 5.65s of 06/01/2020, 68 cents.
RADIOSHACK CORP, 6.75s of 05/15/2019, 60 cents.
USEC INC, 3s of 10/01/2014, 36 cents.
Verso Paper Holdings LLC, 11.375s of 08/01/2016, 69 cents.
Verso Paper Holdings LLC, 8.75s of 02/01/2019, 55 cents.

Best guess is that GNK, JRCC, JCP, RSH, and USU are all going to zero in the next few years. Verso was supposed to merge with NewPage, but the deal was contingent on Verso bondholders agreeing to an exchange offer that would basically give them a 50 percent haircut.