Will United Airlines Go Bankrupt?

I'm going to do it: The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines.- Warren Buffett ... if a far-sighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.- Warren Buffett There,… Continue reading Will United Airlines Go Bankrupt?

Bankrupt: Pyxus International Inc Stock

In 2018 I thought the second lien notes of Pyxus International Inc represented a good reward to risk ratio. 2 years later and it turns out I was completely wrong as Pyxus International Inc stock went to 11 cents per share and the second lien notes were offered 2 cents on the dollar in a prepackaged Chapter 11 bankruptcy.

Bubble Bubble Toil & Trouble

The title of this post was going to be "Financial Media Pet Peeve #342" but I can't resist a Shakespeare reference, especially since we're only a bit past Midsummer's Eve. Anyway... If you consume any financial media whatsoever I'm sure you've seen article after article saying that the stock market is in a bubble, totally… Continue reading Bubble Bubble Toil & Trouble