Showing posts with label USU. Show all posts
Showing posts with label USU. Show all posts
Thursday, March 6, 2014

"USEC Judge Questions Company's Need for 'Life Support'"

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At the hearing today , U.S. Bankruptcy Judge Christopher Sontchi said today that USEC has no financial projections and falling sales becau...
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Wednesday, March 5, 2014

Estimated Recovery Of USEC Notes According to Disclosure Statement $USU

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From the disclosure statement filed today. "Each holder of an Allowed Noteholder Claim will receive, on the Distribution Date and in...

"USEC Inc. to Implement Financial Restructuring Plan" $USU

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USEC filed Chapter 11 this morning. USEC Inc. (USU) announced today that it is implementing the agreement reached with a majority of the...
Saturday, February 22, 2014

More About USEC Inc ($USU) Restructuring

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A correspondent wrote in to share an awesome writeup of USEC. He has the same take on it that we do. Read on: In order to establish what ...
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Thursday, February 20, 2014

USEC Inc ($USU) Restructuring Plan

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From the 8-K describing the restructuring plan , filed in December:  As described in the Term Sheet, the material terms of Plan include, am...
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Tuesday, February 4, 2014

Current Distressed Universe

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Public companies with distressed debt. GENCO SHIPPING & TRADING LTD , 5s of 08/15/2015, 58 cents. JAMES RIV COAL CO , 10s of 06/01/20...
Friday, October 14, 2011

Credit Markets Are Not Confirming the Equity Market Rally (Short Squeeze)

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When equities go up or down - whether single companies or as a class - bonds are supposed to follow, because both sets of prices reflect an ...
Monday, June 27, 2011

The End of Cheap Uranium (USU)

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Working on this paper ... The USU bond is back down to 70 , yielding 14%.
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