Car Sick – Vol. 1

According the NY Times, the debt markets are valuing the restructuring package for GM’s lenders at roughly $3.4 billion.  The lenders will end up owning 10% of GM, which means the market is valuing the entire business at $34 billion. Meanwhile, the government is investing $50 billion in GM in exchange for a 60% ownership … Continue reading Car Sick – Vol. 1

Tribune Bankruptcy – Early Warning Sign

The Tribune Company filed for bankruptcy early this week.  I wasn't surprised because I saw an early warning sign that they were in trouble. If you're in Chicago, you may have noticed that the Tribune underwent a major format change a few weeks ago.  Essentially, they turned it into the Redeye.  This is another way … Continue reading Tribune Bankruptcy – Early Warning Sign