Monthly Archives: November 2017


GulfMark Offshore Emerges from Chapter 11

GulfMark Offshore, Inc. (NYSE American:GLF) (“GulfMark” or the “Company”) today announced that it has completed its financial restructuring plan and emerged from bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code. The Company’s court-approved Plan of Reorganization (the “Plan”) went into effect today, November 14, 2017. The Plan converts approximately $429.6 million of outstanding…


Pacific Drilling Files Chapter 11

LUXEMBOURG –(BUSINESS WIRE)– Pacific Drilling S.A. (OTCPink: PACDF) today announced that, with the aim to optimize its capital structure pending recovery in the floating rig drilling industry, it and certain of its domestic and international subsidiaries have filed petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern…

0 Great Cash Flow & Potential for Growth

Originally published in our May 2017 Newsletter: Transaction: The spin-off of was announced on September 7, 2016.  The idea of the spin seems straightforward – – TEGNA trades at high-single-to-low double digit EV/EBITDA multiple.  And in Slide # 5 of a company presentation for, management makes a case for mid-to-high teens forward EBITDA…


VIEX Ups Stake in Babcock & Wilcox

My interpretation: Management better fix things up and fix them up quickly or look for employment elsewhere.. The following constitutes the Amendment No.1 to the Schedule 13D filed by the undersigned (the “Amendment No. 1”). This Amendment No. 1 amend the Schedule 13D as specifically set forth herein. Item 3. Source and Amount of Funds…

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