Kill Any Hopes for an 11th Hour Resurrection of Evergreen Solar in the U.S.

I thought I had written my last piece on Evergreen Solar when it filed for bankruptcy in August. Perhaps this one will truly be the last. On October 11, Hilco Industrial, a company that provides industrial capital asset acquisition and disposition services, announced that a bankruptcy judge has granted the company permission to auction off … Read more

Chart Review: Opportunities in Bankruptcy Panics In Eastman Kodak and AMR

Now that the stock market is in bear market territory and the ECRI has pronounced the U.S. (and indeed the world) is at the edge of another recession, we should expect to see a rapid increase in rumors of company bankruptcies. Many times, the stock market’s instant reaction to sell first and ask questions later … Read more

Evergreen Solar Steps Into Bankruptcy

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) “On August 15, 2011, Evergreen Solar, Inc., a Delaware corporation (the “Company”), pursuant to the provisions of the United States Bankruptcy Code (the “Bankruptcy Code”), filed a voluntary petition in the United States Bankruptcy Court … Read more

Evergreen Solar Takes One More Step Closer to Bankruptcy

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) On Friday, July 15, Evergreen Solar (ESLR) filed a Form 8-K with the SEC to announce that the company has suspended payment of $4.1M in interest on some of its debt. If interest remains unpaid … Read more

Two Months Later, the Market Finally Fears An Ambac Bankruptcy

At the heights of the stock market’s low-volume spring rally, Ambac Financial (ABK) soared 72% and the 105% on two consecutive days. ABK was up another 50% the next day before closing with a 28% loss. The upward surge was quite startling given ABK was pretty clear in its earnings report at the time about … Read more